More California Proposition 65 Notices Issued
Since the beginning of 2017, new “60-day” notices have been issued alleging that brands and retailers sold Backpacks, Running Packs, Toiletry Bags, Vinyl/PVC Cases, Phone Handbags, and Messenger Bags in California that contained Diisononyl phthalate (DINP) and di (2-ethylhexyl) phthalate (DEHP) in violation of a California law known as Proposition 65 (Prop 65). The notices serve as intent to bring lawsuits against the recipients that sold these products. For more information on Prop 65, please go to the Prop 65 page on the TGA website or contact TGA’s Nate Herman, 202-853-9351.
Market with More Reach, Greater Impact, and Bigger Discounts
Give yourself a big footprint at The International Travel Goods Show. Multi-channel promotion in Travel Goods Showcase magazine, the Travel Goods Product Guide and the New Products Pavilion provides huge promotional opportunities and big savings – and this is your last chance to save. Visit the special Show promotions page today to view all the options. Or contact Cathy Trecartin to put together a custom package for maximum impact: email@example.com, 877-842-1938, x-702.
Call to Action! Oppose the Border Adjustability Tax (BAT)
The fight over the House Republican proposal to impose a new border adjustability tax (BAT) as part of larger corporate tax reform has heated up over the last week. The new TGA-supported Americans for Affordable Products Coalition has hit the ground running, informing American consumers, the Trump administration, and Congress on the negative impact of the proposed BAT. We need you to join the thousands of people who have already contacted their members of Congress in opposition to the BAT. We need you – and all of your colleagues – to send as many emails as possible to convince Congress that this is a bad idea. To contact your members of Congress, click here. It only takes a few minutes.
TGA Announces Opposition to Border Adjustment Tax Even as Trump and House Republicans Continue to Push It
House Republicans continue to push the Border Adjustment Tax (BAT) as part of their “A Better Way” corporate tax reform proposal. Recently, President Trump has made cryptic signals of support, although Trump’s Press Secretary has conflated the BAT with a border tariff describing Trump’s support. Under the House Republican proposal, corporate tax rates would drop from 37.5% to 20%. However, to help cover the loss in revenue, the House proposal would also impose a Border Adjustment Tax. Under BAT (BAT explained – Example 1, Example 2), imported materials and products would no longer be allowed to be deducted as part of a company’s Cost of Goods Sold (COGS). As a result, with 99% of travel goods sold in the U.S. being imported, a travel goods company’s tax base would increase dramatically under the proposal, even as the tax rate they pay on that base declines. For many companies, that means the resulting tax bill would be 3-4 times their current tax bill, in many cases, more than their profit (estimate your new tax here). As a result, TGA has joined large swaths of the U.S. business community in the new Border Adjustment Tax (BAT) Coalition to strongly oppose the BAT proposal. Congress is expected to consider corporate tax reform later this year. We need you to speak up. Click here to tell your members of Congress to oppose the BAT proposal.
TPP is Officially Dead
On January 30, the Office of the U.S. Trade Representative (USTR) officially withdrew from the Trans-Pacific Partnership (TPP) Free Trade Agreement, a proposed FTA between the U.S. and 11 other countries, including Vietnam and Japan. The formal withdrawal came after President Trump fulfilled his campaign promise to withdraw from the TPP during his first full day in office. If TPP had been implemented, travel goods from Vietnam and all other TPP countries would have been able to enter the U.S. duty-free under very flexible rules of origin. In its stead, key Trump officials have proposed beginning aggressive negotiations towards bilateral FTAs with certain countries. Please note that TPP took over five years to negotiate.
GSP Travel Goods – TGA Continues Fight to Expand Eligible Countries
On January 20, former President Barack Obama left office without expanding the list of developing countries eligible to bring travel goods in duty-free to the U.S. under the Generalized System of Preferences (GSP) trade preference program. Today, only U.S. travel goods imports from the least-developed countries, like Cambodia and Myanmar, and sub-Saharan African countries can enter duty-free under the GSP program. Despite not acting before leaving office, the outgoing administration did leave a recommendation for President Donald Trump to expand duty-free access for travel goods to all GSP-eligible countries, including Thailand, the Philippines, Indonesia, India, and others. As a result, TGA continues to lobby for the new Trump administration to proclaim U.S. imports of travel goods duty-free from all GSP countries as soon as possible.
Who’s Your Travel Goods Hero?
The TGA Award recognizes an individual for professional achievement, exemplary values and advancing the cause of the Travel Goods Association and the industry at large. Nominate your industry hero, and help us give kudos to someone who is setting a good example for us all. Please note: the nomination deadline is Wednesday, February 1, 2017 – so don’t delay, fill out the TGA Award nomination form today.
Recognize the Best
Travel goods might be our business, but it’s personalities and companies that power our industry. Help salute the best among us by nominating an outstanding individual for the TGA Award, and spotlight an exemplary public citizen – person or company – with your nomination for the Community Service Award.
Plan to Visit Your 2017 New Product Showcase
It’s a New Year, which means a whole new crop of travel goods to help your customers travel safer, be more comfortable, pack more efficiently and be more organized in their everyday travels and around-the-world sojourns. More new-for-2017 items will debut at The International Travel Goods Show than any other event on the calendar, which makes April 5-7, 2017 a critical time for your retailing success. Make plans to join us and discover the latest and greatest travel items so you can introduce them to your customers. Visit the official Show website, thetravelgoodsshow.org, or register here to attend The International Travel Goods Show – the world’s biggest new products showcase for travel items.
It’s a New Year. Now is the Time to Shine
The New Year is a traditional time for new beginnings, to make changes for the better and overcome our natural reluctance to try new things. That same attitude is how retailers approach The International Travel Goods Show – it’s when they’re most receptive to opening new lines, exploring new vendors and finding new ways of doing business. Which makes exhibiting at The Show one of the best ways to spark retailer interest and power your growth in the New Year. Exhibit space is selling at a record pace and all signs are pointing to another sellout. So don’t delay – contact Cathy Hays, firstname.lastname@example.org, 877-842-1938, x-707, book your space and make 2017 your year to shine.