Much has been said about the economic benefits of the Trans-Pacific Partnership (TPP). It supports U.S. job growth, raises wages, and helps the U.S. establish a competitive advantage in the global marketplace. Most importantly, it significantly lowers taxes on imported goods. Why is this so important? Because imports work for the U.S. economy.
Imports support millions of U.S. jobs and save American families thousands of dollars each year. Under TPP, the savings on U.S. imports of the goods we use most (textile and apparel products) are estimated to be as high as $932 million. Because retailers are responsible for delivering these goods to consumers, we're invested in securing access to the global supply chain and passing these savings along to customers.
That's why we're joining other business groups and associations to celebrate Imports Work Week and focus on the essential role imports play in the U.S. and global economy.
Join the conversation on Twitter this week, May 9-13, using #ImportsWork.