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New Balance’s Voice Heard on Tariffs

Posted May 28, 2015

Under Economic Issues, International Trade Issues

(Jessica Meyers – Boston Globe)

If they are still employed in future years, the New Balance factory workers who stitch fabric in Massachusetts and run sewing machines in Maine may owe their jobs to a hard-fought provision in one of the world’s biggest trade deals.

The Boston-based maker of athletic shoes appears poised to score a partial victory against American behemoths like Nike that want an immediate end to tariffs on sneakers manufactured overseas. Instead, after a long lobbying battle by New Balance, the trade pact is likely to impose a gradual phaseout of the tariffs.

New Balance says it wants a slower phaseout to help it preserve nearly 1,400 manufacturing jobs in New England. Click here to read more.

Related: Nike Promises More U.S. Investment and Jobs to Back Obama on TPP (Financial Times)