EU Consumers Still Footing the Bill for Protectionism
By Timothy Cox
Thursday, October 8, 2009
The extension of the EU shoe tax on imports from China and Vietnam will hit European consumers where it hurts- in the pocket. Global footwear producers have slammed the European Commission’s proposal this week to extend anti-dumping duties on EU imports of Chinese and Vietnamese shoes for a further 15 months.
The duties have already cost the members of the European Footwear Alliance $1.18 billion and the EFA, who represents manufacturers such as Nike, Adidas and Timberland, said that the duties will only cause yet more harm to the consumer.