US Should Cut Tariffs On Cheap Home Goods: Study

Law360, New York (June 15, 2011, 8:42 PM EDT) -- Efforts to reform the U.S. tariff program should focus on reducing or eliminating the disproportionately high taxes on cheap home goods like sneakers and silverware in order to relieve the burden they place on low-income consumers, according to a study released Tuesday.

U.S. tariffs are low on average — about 1.3 percent — but tariffs on cheap home goods accounted for about $14 billion out of the $26 billion in tariffs in 2010, according to the study by Edward Gresser, director of the ProgressiveEconomy project at...
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