TITLE Boxing Club and Everlast Team up to Dominate Boxing Fitness

Total Page:16

File Type:pdf, Size:1020Kb

TITLE Boxing Club and Everlast Team up to Dominate Boxing Fitness TITLE Boxing Club and Everlast Team Up to Dominate Boxing Fitness Franchise Space Partnership Pairs Franchising and Retail Experts to Bring New Fitness Concept & Boxing Products to Market TITLE Boxing Club 25 minutes ago ANN ARBOR, Mich.--(BUSINESS WIRE)-- TITLE Boxing Club International, the number one fastest-growing franchise by Inc. Magazine, and Everlast, the global leader in boxing, mixed martial arts and fitness related products, announced today a partnership to develop an international fitness franchise, Everlast Fitness and offer Everlast’s boxing products in domestic TITLE Boxing Club locations. The two powerhouse brands are joining together to form an international relationship in Mexico with aggressive expansion plans to bring Everlast Fitness worldwide. Everlast Fitness, a new international franchise concept, will offer members the same boxing and kickboxing Power Hour fitness classes as TITLE Boxing Club, in premiere fitness studios internationally. In addition, members will now have the ability to purchase both brands’ products from the retail areas located inside domestic TITLE Boxing Clubs. Elite Fitness Brands will serve as the holding company to both TITLE Boxing Club and Everlast Fitness, utilizing the same core management group, franchise leadership and brand efficiencies that led TITLE Boxing Club to be the number one fastest-growing franchise. Elite Fitness Brands plans to take the highly effective boxing and kickboxing workout global with both brands leading the charge. “With Everlast’s capabilities in worldwide product distribution and TITLE Boxing Clubs position as the number one fastest-growing franchise, the formation of Elite Fitness Brands presents mutual benefits to all parties, including our franchisees,” said John Rotche, CEO of TITLE Boxing Club International. “The addition of Everlast products sold in our domestic clubs gives franchisees additional revenue streams and an added benefit to offer members a choice in their fitness product selections, which continues to set us apart from the competition.” With Everlast’s roots firmly planted in product manufacturing and distribution worldwide, and TITLE Boxing Club’s number one fastest growing franchise ranking by Inc. Magazine, this international fitness concept proves to be a mutually beneficial opportunity. TITLE Boxing Club’s senior leadership team has a proven track record in franchising multiple successful brands and formed Elite Fitness Brands to offer their expertise in helping Everlast use its trusted brand name to get into the franchise game. Similarly, TITLE Boxing Club will benefit from the power of Everlast’s brand recognition, vast product inventory and points of distribution. “We are the oldest brand in the world for the sport of boxing and have an extensive portfolio of world champion professional boxing and mixed martial arts athletes. Coupling our experience within the boxing space and extensive line of world-class products with TITLE Boxing Club’s proven business model, we believe this partnership puts both brands in the perfect position for long-term growth,” said Everlast CEO Neil Morton. “As a 105-year-old company that was built on authenticity and individuality, Everlast prides itself on only working with premiere brands, and we are honored to partner with TITLE Boxing Club and its proven track record in both fitness and franchising.” About TITLE Boxing Club® TITLE Boxing Club, a Franworth company, is a boutique fitness studio that’s specialized in boxing and kickboxing fitness classes. The 100-pound heavy bags that are hanging in the sleek, modern clubs take a beating from every day people who are looking to knock out stress, and become the champion of their lives. Frequently seen on FOX News, Bloomberg, Shape Magazine, Women’s Health and the Wall Street Journal, everyone can’t help but take notice of this fun and fierce brand. The company is currently ranked as the No. 1 Fastest-Growing Franchise by Inc. Magazine, and No. 230 on 2015’s Entrepreneur magazine 36th Annual Franchise 500® list. TITLE Boxing Club is also ranked No. 250 on the 2015 Inc. 5000 list of America’s fastest-growing, privately-held companies and No. 347 on 2014 Franchise Times Top 200 (Plus 300) list. For more information on TITLE Boxing Club, visit www.TITLEBoxingClub.com. To learn more about the fitness franchise opportunity, visit www.TITLEFranchise.com. About Everlast The preeminent brand in boxing since 1910, Everlast is the world’s leading manufacturer, marketer and licensor of boxing, MMA and fitness equipment. From legendary champions Jack Dempsey and Sugar Ray Robinson to current superstars Benson Henderson and Canelo Alvarez, Everlast is the brand of choice for generations of world champion professional athletes. Built on a brand heritage of strength, dedication, individuality and authenticity, Everlast is a necessary part of the lives of countless champions. Based in Manhattan, Everlast’s products are sold across more than 75 countries and 6 continents. For more information, visit www.everlast.com. About Elite Fitness Brands Elite Fitness Brands is headquartered in Overland Park, Kansas and is one of the premiere wellness and fitness franchise organizations in the United States. The company manages TITLE Boxing Club and Everlast Fitness, which both franchise premiere, boutique boxing fitness studios worldwide. About Franworth Franworth is a leading franchise management firm with years of franchise experience accompanied by a proven track record of success. The accomplished executive team is located in Ann Arbor, Michigan and includes Managing Director and CEO John Rotche, CFE, Managing Director David Barr, Chief Operating Officer Mike Skitzki, CFE, Chief Development Officer Alex Roberts, CFE, and Partners Tom Lyons and Rick Washburn. Franworth helps franchisors build a strong foundation, navigate their acceleration, and create economic value for both franchisors and their franchisees. The Franworth family of brands currently includes TITLE Boxing Club, spavia day spa, Sweetwaters Coffee and Tea and Kalamata Greek Grill. To learn more visit www.franworth.com. .
Recommended publications
  • Dal 6 Luglio 2019
    dal 6 luglio 2019 POLO UOMO LACOSTE mezza manica, colori e taglie assortite € 69,90 € 79,90 SCARPA SAUCONY JAZZ - U/D - 30% colori assortiti, 25% €48,93 € misure 36-44 €59,92 € ABBIGLIAMENTO UOMO T-SHIRT UOMO POLO UOMO MM SMANICATO DIADORA CLASSIC CORE 100% cotone, 100% cotone, taglie: m-xxl, taglie: m-xxl, tinta unita o colori: blue, colori grigio, nero € 9,50 € 17,90 € 14,90 € 10,90 POLO UOMO MM CON RIGHE SBRILLING -40% -50% TSHIRT UOMO MM colori e taglie - % STAMPATA - % 50 € € 40 €5,70 €8,95 modelli assortiti assortite € €7,45 € €6,54 TSHIRT UOMO MM TUBOLAR 100% cotone, taglie: m-xxl, colori assortiti TSHIRT UOMO € 9,90 € 17,90 € 4,90 € 14,90 TSHIRT UOMO LONSDALE 2 TSHIRT UOMO EVERLAST EVR6564 LOUPE19087 -30% LONSDALE LOUPE 19101 taglie e colori -50% taglie: s-xxl, colori - % bipack tshirt, colori -30% € 40 assortiti e stampe assortite €6,93 e taglie assortite € € €8,95 €2,94 € €10,43 CANOTTA UOMO DADO 100% cotone, taglie: s-xxl, colori: blu, antracite, grigia melange T-SHIRT UOMO € 19,90 DIADORA FREGIO € 19,90 € 7,90 BERMUDA UOMO ALANO € 22,90 STRIPY TSHIRT UOMO NIKE misto cotone, con 100% cotone, DRY FIT - % tasche laterali, taglie: m-xxl, -50% taglie: s-xl, colori 30 -40% taglie: 46-56, colori: -30% assortiti € fango, blu, grigio € colori assortiti € €9,95 €13,93 €4,74 €16,03 € 2 o erta valida dal 6 luglio 2019 BERMUDA MARE UOMO SHORTS UOMO € 7,99 € 22,90 € 15,90 FANTASIE € 14,90 TEMPO LIBERO SHORT MARE UOMO SHORT UOMO in poliestere, tessuto 100% cotone, - % DIADORA CORE SPORT KAPPA idrorepellente, taglie e colori 30 in poliestere,
    [Show full text]
  • Athletic Bid Awards 2020-104
    DCMO BOCES COOPERATIVE PURCHASING SERVICE ATHLETIC EQUIPMENT SUPPLY & UNIFORM BID 2021-104 Prices expire April 30, 2022 Page 1 BID AWARD INFORMATION To: Participating Districts From: Beth Heinlein CPA Date: April 29, 2021 Re: Cooperative Purchasing award results for: Athletic Equipment and Supply Bid #2021-104 On April 28, 2021, the BOCES Board of Education reviewed the bid award recommendations, and approved and awarded the bids. The attached “Successful Bids” sheets are the results of the awards of the bid. These sheets list each item that was on the bid and references the awarded bidder, bid price, vendor product number. Any alternate information is found within the actual item description. This means that if an alternate brand was accepted and awarded, the alternate brand has become the item’s description for this bid cycle. If you need additional information on an item, in most cases, the item can be found on the awarded vendor’s website by using the vendor product number to conduct a search for that item number within the vendor’s online catalog. The bidder MUST provide the item to the brand and model listed within the item’s Description. Please let me know if any item is received that does not match the brands listed on the award sheets. Also attached is the “Awarded Vendor Summary” sheet. This sheet will provide you with pertinent information regarding the address, phone number, website and contact person for each awarded vendor, along with a discount being offered for additional items which were not listed on the bid. Please make sure that the appropriate bid number appears on each purchase order sent to the awarded, corresponding vendor, along with any reference numbers.
    [Show full text]
  • Sports Direct International Investor Relations
    Sports Direct International Investor Relations Sometimes amorous Ricki philters her adenoidectomies symbolically, but unmarked Lance interloped superserviceably or ceils ajar. Micrologic or gouty, Zollie never exasperated any blockage! Flamy and surface-to-surface Ryan always crunches phylogenetically and farcing his simaroubas. Financial statements of international sports direct international property portfolio of staff, which dividend offered on Board and the management team, including Mike Ashley and Jon Kempster, have attended Committee meetings during the year at my invitation so that they can keep the Committee informed of important developments in the Business and the risk and control environment. This site constitutes a third party branded goods from licensing division, sports direct international investor relations would not been successfully upgraded. Attorney General pick, according to CNN and the Washington Post. Rangers fans with access to those email addresses it could be excellent. The necessary skills graduate employers or dividend account has a review, an investor relations ltd also assisted. Harrods of Knightsbridge: Brashers acquired the rights to retail sports shoes at the prestigious store. This article is. Our relationships with suppliers ensures that we are able to source key items at short notice, should this be required. The investor relations agency which have well when it was an error occurred while activating your account within this essay writing service perfectly matched by sports direct international investor relations, as a struggling video gaming. He was also among the top fundraisers for Biden. Price data has been updated. Shareholders are understood to be currently engaging with the company over their governance and labour concerns.
    [Show full text]
  • Annual Report & Accounts 2019
    ANNUAL REPORT & ACCOUNTS 2019 SPORTS DIRECT INTERNATIONAL PLC AT A GLANCE Founded as a single store in 1982, Sports Direct International plc (Sports Direct, the Group, the Business or the Company) is today the UK’s largest sporting goods retailer by revenue. The Group operates a diversified portfolio of sports, fitness, fashion and lifestyle fascias in over 20 countries. We have approx. 29,400 staff across six business segments: UK Sports Retail, Premium Lifestyle, House of Fraser Retail, European Sports Retail, Rest of World Retail and Wholesale & Licensing. Our business strategy is to invest in our people, our business, and our key third party brand partners, in order to elevate our retail proposition across all our channels to attain new levels of excellence. The Group aspires to be an international leader in sports, lifestyle, and luxury apparel retail, by offering our customers a dynamic range of iconic brands. We value our people, our customers, our shareholders and our third-party brand partners - and we strive to adopt good practices in all our corporate dealings. We are committed to treating all people with dignity and respect. We endeavour to offer customers an innovative and unrivalled retail experience. We aim to deliver shareholder value over the medium to long-term, whilst adopting accounting principles that are conservative, consistent and simple. MISSION STATEMENT ‘TO BECOME EUROPE’S LEADING ELEVATED SPORTING GOODS RETAILER.’ CONTENTS 1 HIGHLIGHTS AND OVERVIEW 002 2 STRATEGIC REPORT Chair’s Statement ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
    [Show full text]
  • Sports Direct Horse Rugs
    Sports Direct Horse Rugs Ago or reduplicative, Richy never stockades any louvres! Louie reck her Kikuyu municipally, she taunts it previously. Is Kerry identifiable when Ike reclimb notarially? Number One when it comes to all things sports, you can get social and stay up to date on all the latest and greatest items they sale! From time to time, we may also use your information to contact you for market research purposes. The snort lasts about one second and is most commonly heard in horses when they are startled. Help is separated from sports direct free set of asia and grand, misfit ray hunt, or just not involve severe attacks. Show declension of modern pentathlon. Irish and International fashion scene by storm. Gloverall is home to the original duffle coat design. Synonym Discussion of bridle. Welcome to ARMY NAVY SALES. Roll on dry weather. You can use them with young children for developing vocabulary and fine motor skills. The way a horse moves its legs is a gait. You can choose between light, medium and heavy fills and so there are rugs to suit all weather conditions. Note: Does not include model horse, Western Saddle or Saddle Pad. Rugs, Saddle Pads, Breeches, Jackets, and more! The baskets in early basketball were different from in modern basketball. Reward based operant conditioning was used to teach horses to approach and touch a board, and to understand the meaning of three different symbols. Baby Doll Record Book Printable for your Little Girl So these days, our household is pretty much in complete baby mode.
    [Show full text]
  • Annual Report 2009 3 Chief Executive’S Report and Business Review Continued
    Sports Direct is the UK’s leading sports retailer by revenue and operating profit, and the owner of a significant number of internationally recognised sports and leisure brands. As at 26 April 2009 the Group operated out of 359 The Group’s portfolio of sports and leisure brands stores in the United Kingdom (excluding Northern includes Dunlop, Slazenger, Kangol, Karrimor, Ireland). The majority of stores trade under the Sports Lonsdale, Everlast and Antigua. As previously Direct.com fascia. The Group has acquired a number mentioned the Group’s Retail division sells products of retail businesses over the past few years, and some under these Group brands in its stores, and the Brands stores still trade under the Lillywhites, McGurks, division exploits the brands through its wholesale and Exsports, Gilesports and Hargreaves fascias. Field & licensing businesses. Trek stores trade under their own fascia. The Brands division wholesale business sells the The Group’s UK stores (other than Field & Trek) brands’ core products, such as Dunlop tennis rackets supply a wide range of competitively priced sports and and Slazenger tennis balls, to wholesale customers leisure equipment, clothing, footwear and accessories, throughout the world, obtaining far wider distribution under a mix of Group owned brands, such as Dunlop, for these products than would be the case if their Slazenger and Lonsdale, licensed in brands such as sale was restricted to Group stores. The wholesale Umbro, and well known third party brands including business also wholesales childrenswear and other adidas, Nike, Reebok and Puma. A significant clothing. The licensing business licenses third proportion of the revenue in the stores is derived from parties to apply Group owned brands to non-core the sale of the Group owned and licensed in branded products manufactured and distributed by those third products, which allows the retail business to generate parties, and third parties are currently licensed in higher margins, whilst at the same time differentiating different product areas in over 100 countries.
    [Show full text]
  • Competitive Strategy: Reviving the Adidas Brand
    Competitive Strategy: Reviving the Adidas Brand Introduction This report will review the Adidas sports brand and its current position in the market. The competitive strategies that have led to a revival of the brand after facing a significant period of stagnating sales and loss of market share due to rising industry competition and other factors will be examined. The brand has built a reputation based on the idea of making the highest performing footwear and sportwear possible to help athletes perform their best. This idea is still reflected in their ‘Impossible is Nothing’ slogan (Adidas-Salmon, 2004, p. 1) . The company’s ability to listen to sports men and women and collaborate to produce highly functional and reliable shoes resulted in the brand’s success from the start. Its performance on the field soon gained the recognition of top athletes including Olympic gold medallists, top soccer players and tennis stars (Adidas Group, 2018b). This led to rapid growth for the company and the Adidas brand became the biggest name in sports footwear globally for a long time (Lewis, 2018). As competition increased by the late 1970s from the likes of Puma and Nike, the brand began to diversify into leisurewear and retailing to seek growth (Lewis, 2018). However, these new markets required certain capabilities for success and the brand soon ran into problems as it lost focus on its core value proposition and brand identity. This was accompanied with financial losses and declining market share particularly in the 1980s and 1990s. However, by the early 2000s when the company initiated a turnaround strategy by leveraging its heritage and core competencies, it started the long process of revival for both the brand and corporate financial performance.
    [Show full text]
  • The Board of Directors of the Woodlands Township and to All Other Interested Persons
    NOTICE OF PUBLIC MEETING TO: THE BOARD OF DIRECTORS OF THE WOODLANDS TOWNSHIP AND TO ALL OTHER INTERESTED PERSONS: Notice is hereby given that the Board of Directors of The Woodlands Township will hold a Regular Board Workshop on Thursday, May 19, 2011, at 7:30 a.m., at the Office of The Woodlands Township, Board Chambers, 10001 Woodloch Forest Drive, Suite 600, The Woodlands, Texas, within the boundaries of The Woodlands Township, for the following purposes: 1. Call workshop session to order; 2. Consider and act upon adoption of the meeting agenda; Pages 1-6 3. Recognize public officials; 4. Public comment; POTENTIAL CONSENT AGENDA 5. Receive, consider and act upon the potential Consent Agenda; (This agenda consists of non-controversial or “housekeeping” items required by law that will be placed on the Consent Agenda at the next Board of Director’s Meeting and may be voted on with one motion. Items may be moved from the Consent Agenda to the Regular Agenda by any Board Member making such request.) a) Receive, consider and act upon approval of the minutes of the April 21, 2011 Board Workshop and April 27, 2011 Regular Board Meeting Pages 7-26 of the Board of Directors of The Woodlands Township; b) Receive, consider and act upon authorizing the annual destruction of records under an approved records retention schedule; Pages 27-28 c) Receive, consider and act upon a sponsorship agreement with Nike Pages 29-42 Team Nationals; d) Receive, consider and act upon approval of authorizing the use of an independent contractor for park and pathway maintenance contract Pages 43-44 quality inspections; 1 2 e) Receive, consider and act upon revisions to the Parks and Recreation Pages 45-48 2011 Capital Projects schedule; BRIEFINGS 6.
    [Show full text]
  • Gift Cards a Year
    AT YOUR SERVICE LATE NIGHT At Telford Centre we strive to provide facilities and SHOPPING EVERY services that are relevant to your needs and our on-site THURSDAY WITH FREE PARKING Customer Service team are always happy to answer The Customer AFTER 5PM any questions or queries you may have. Visit them Service Desk is welcome to located on Ashdown at the Customer Service Desk on Ashdown Lane Lane, opposite or call 01952 238009. Victoria James. AWARD-WINNING PARENT & BABY FACILITIES TOILETS Our dedicated parent and baby All our toilets are platinum changing facility includes a breast rated from the ‘Loo of the feeding room, baby changing area, Year National Survey System’. and small toilets for under fives (located on Southwater Mall). visit a place of tranquility AWARD-WINNING in your busy day. CAR PARKS KIDDIE CARS BRAND rd Enjoy late night shopping As an engaging and safe way for located on 3 floor of yellow beech with FREE parking after 5pm you and your little ones to explore every Thursday. Telford Centre. car park, by house of fraser. QUIET HOUR DIRECTORY COLLECT+ Collect+ is a quicker, smarter On the first Saturday of every month way to pick up online purchases between 9am–10am, customers will Open Daily in partnership with find the mall areas and stores less Free from brands, including John Lewis and ASOS. noisy. Music will be turned off where Join today! possible, providing a more welcoming experience for customers. OPEN 24-7 365 DAYS GIFT CARDS A YEAR. MEMBERSHIP Gift Cards are available from STARTS FROM £15.99 our Customer Service Desk, or QUIET ROOM PER MONTH.
    [Show full text]
  • Athletic Supplies
    Award Summary OCM BOCES Number of Athletic and Phys Ed Supplies Bid, RFB-218-63 Awarded Vendor Items Won Bid Opening - April 20, 2018, 1:30 P.M. AAE (Aluminum Athletic Equipment Co.) 2 Bid Contract Period - June 1, 2018 - May 31, 2019 Arc Sports 8 Bigger Faster Stronger, Inc. 2 BSN Sports 68 Elizabeth Office Services 48 Gopher Sport 14 Henry Schein, Inc 15 Laux Sporting Goods Inc 43 Longstreth Sporting Goods 8 Medco Supply 54 MFAC, LLC (M-F Atheltic) 1 Pyramid School Products 28 Riddell Athletic Products 8 S&S Worldwide 10 Scholastic Sports Sales 51 School Health Corporation 25 Triple Crown Sports 26 Manufacturer Vendor Group Mfg. Item No. Item Est. Bid Comments / No. Item Description Unit of Measure Qty. Awarded Vendor Price Manufacturer Manufacturer SKU Exclusions 1 Athletic Training Spenco 2 School Health $15.76 Spenco 10-637-00 10637 Corporation 2nd Skin Squares, 1", 200 per Jar Jar 2 Athletic Training Hartmann 2 Medco Supply $22.02 Hartman 3930 480 Deluxe Elastic Bandage, Roll, 3" x 5 yd, 10 per Box Box Wednesday, June 13, 2018 Page 1 of 55 Manufacturer Vendor Group Mfg. Item No. Item Est. Bid Comments / No. Item Description Unit of Measure Qty. Awarded Vendor Price Manufacturer Manufacturer SKU Exclusions 3 Athletic Training Hartmann 13 Elizabeth Office Services $23.51 Hartmann 384100.0 480 Deluxe Elastic Bandage, Roll, Box 4" x 11 yd, 6 Per Box 4 Athletic Training White Cross 1 Medco Supply $3.63 Medco 261834 1622 4-wing Flex Bandages, Latex Free, 50 per Box Box 5 Athletic Training White Cross 12 Medco Supply $3.63 Medco 261834
    [Show full text]
  • 30200 19429 Athletic Equipment
    State of New York Executive Department Office Of General Services Procurement Services Group Corning Tower Building - 38th Floor Empire State Plaza Albany, New York 12242 http://www.ogs.state.ny.us CONTRACT AWARD NOTIFICATION Title : Group 30200 - ATHLETIC EQUIPMENT (Baseball, Softball, Tennis, Basketball, Football, Soccer, Volleyball and Boxing) (Statewide) Classification Code: 49 Award Number : 19429 (Replaces Award 00070-G) Contract Period : February 1, 2005 to January 31, 2010 Bid Opening Date : October 19, 2004 Date of Issue : January 24, 2005 (Revised October 11, 2005) Specification Reference : As Incorporated In The Invitation for Bids Contractor Information : Appears on Pages 2 and 3 of this Award Address Inquiries To: State Agencies & Vendors Political Subdivisions & Others Name : Michael F. Riley Customer Services Title : Purchasing Officer I Phone : 518-474-6717 Phone : 518-474-6716 Fax : 518-474-2437 Fax : 518-474-5052 E-mail : [email protected] E-mail : [email protected] The Procurement Services Group values your input. Complete and return "Contract Performance Report" at end of document. Description This contract award includes the following brands of athletic equipment: Anaconda, BSN (MacGregor), Champion, Everlast, Martin, Rawlings, Sportime, S & S Worldwide and Wilson Sporting Goods. Specific equipment covered includes baseballs, softballs, baseball/softball gloves, bats, custom balls, footballs, soccer balls, tennis rackets, volleyballs and boxing equipment. PR #19429 (continued) 19429ra02.doc/T01mm GROUP 30200 - ATHLETIC EQUIPMENT (Baseball, Softball, REVISED AWARD PAGE 2 Tennis, Basketball, Football, Soccer, Volleyball and Boxing) (Statewide) NOTE: See individual contract items to determine actual awardees. CONTRACT # CONTRACTOR & ADDRESS TELEPHONE # FED.IDENT.# PC61497 ANACONDA SPORTS, INC.
    [Show full text]
  • June 13, 2019 President Donald J. Trump the White House 1600
    June 13, 2019 President Donald J. Trump The White House 1600 Pennsylvania Avenue Washington, DC 20500 Dear Mr. President, On behalf of the undersigned companies below and the millions of workers we employ, we are writing regarding the ongoing trade dispute between the U.S. and China. We agree that our trading partners must abide by global trade rules, and we support the administration’s efforts to address unfair trading practices, including intellectual property violations, forced technology transfer and more. We encourage the administration to negotiate a strong deal with China that addresses longstanding structural issues, improves U.S. global competitiveness and eliminates tariffs. We believe this goal can be achieved without taxing Americans. We remain concerned about the escalation of tit-for-tat tariffs. We know firsthand that the additional tariffs will have a significant, negative and long-term impact on American businesses, farmers, families and the U.S. economy. Broadly applied tariffs are not an effective tool to change China’s unfair trade practices. Tariffs are taxes paid directly by U.S. companies, including those listed below – not China. According to Trade Partnership Worldwide LLC, 25 percent tariffs on an additional $300 billion in imports (combined with the impact of already implemented tariffs and retaliation) would result in the loss of more than 2 million U.S. jobs, add more than $2,000 in costs for the average American family of four and reduce the value of U.S. GDP by 1.0 percent. Furthermore, we have seen repeatedly that tariff increases and uncertainty around these trade negotiations have created turmoil in the markets, threatening our historic economic growth.
    [Show full text]