An outline on the trade deal between the U.S. and the European Union (EU) has some good tariff news for the fashion and shoe industries.

The tariff cap for the reciprocal rate is 15 percent, and more importantly, the duty is not stacked on top of existing high rates.

“We are grateful to U.S. President Donald J. Trump, E.U. President Ursula von der Leyen, and the rest of the negotiating teams for ensuring that the new 15 percent reciprocal rate is not-stacked on top of existing high most-favored nation (MFN) rates that the U.S. fashion industry has long been paying on imports of inputs, equipment, and finished goods,” said American Apparel and Footwear Association president and chief executive officer Steve Lamar and the Council of Fashion Designers of America president Steven Kolb in

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