The Commercial Group of Distributors and Retailers of Footwear of the United States (FDRA) urged the president of the United States, Donald Trump, to exempt the footwear from reciprocal tariffs in a letter signed by manufacturers, including Nike, Adidas and Skechers.
The FDRA letter, dated April 29, was signed by 76 footwear companies such as Deckers Brands Capri Holdings, Under Armor and VF Corp.
The commercial group said that the industry already faces significant levies, including children’s shoes, which often have 20% rates, 37.5% or more, before accounting for new tariffs.
Trump imposed generalized tariffs on the products of the main commercial partners of the United States, which could cause a price increase.
The president had instituted radical tariffs in early April, including 145% tariffs on imports from China.
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The Chinese Ministry of Commerce said Friday that Beijing was “evaluating” a Washington offer to hold Trump tariff tariffs.
Adidas abstained on Tuesday to increase his financial forecasts by 2025 despite the solid results of the first quarter, citing uncertainty around US import tariffs.
Similarly, Skechers also withdrew his annual forecasts, citing the Trump administration’s trade erratic.
“Given the nature of the American footwear industry, the companies and families in the sector face an existential threat due to these increases in such substantial costs. Hundreds of companies face the possibility of closing,” says the letter.
The document requests “a more specific approach, focused on strategic articles instead of basic consumer goods.”
With Reuters information
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