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U.S. manufacturing employment is rising at its fastest pace in 18 years.

THE NUMBERS: Shares of world manufacturing output, by value-added, 2013* EU (28) 23.4% United States 19.1% China 17.6% Japan 10.4% Latin America 5.8% ASEAN 4.1% Korea 3.6% South Asia 2.9% Middle East 2.2% Sub-Saharan Africa 1.5% All other 8.2% * Major components of “All Other” include Russia 1.6%, Canada 1.5%, Taiwan 1.5%, Turkey 1.3%, Australia/New […]

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78 percent of U.S. imports from developing countries are duty-free.

THE NUMBERS: U.S. merchandise imports from developing countries, 2014* – TOTAL $1,130 billion Permanently Duty-Free $550 billion Duty-Free Via FTAs & Preferences $245 billion Tariffed $335 billion * Estimate based on the 11 months of data now available. WHAT THEY MEAN: Anticipating Congressional debate on the Trans-Pacific Partnership, Sen. Bernie Sanders (an independent Socialist from […]

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Tariff system cost to families for back-to-school: ~$1.5 billion.

The National Retail Federation’s back-to-school survey for 2013 predicted that this fall, American parents would spend about $27 billion on school uniforms, hoodies, backpacks, pens, rulers, protractors, PCs, filler and graph paper, three-ring binders, and the rest of the K-12 regulars. This came to about $635 per child. Without the tariff system, this would have been about $595, with most of the extra $40 a consequence of the very high taxation of clothes and shoes.

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