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The Footwear Distributors and Retailers of America (FDRA) is breathing a small sigh of relief as President Trump delays the implementation of additional tariffs on $300 billion of Chinese Goods.
“The announcement today that the Trump Administration will be delaying the additional 10% tariff on some footwear until December 1 is an acknowledgment that tariffs are indeed paid by Americans,” the group’s president and CEO Matt Priest said in a statement. “It is no coincidence that the Administration is allowing certain shoes to come in without raising taxes in hopes that prices do not rise at retail during the holidays. Our industry’s loud unified voice left a clear impression that shoe tariffs are already extremely high, upwards of 67.5%, and any further tariffs would directly raise costs on consumers and cost footwear jobs.”
Priest, also says while the FDRA is pleased with the decision to delay new tariffs on certain shoes, they are not satisfied.
“We will continue to fight for any exclusions on new tariffs and we will fight to delay new tariffs on shoes until the entire tariff threat is lifted off the backs of American families,” he said.
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