Trade
Trump suspends tariff hikes for 90 days, but escalates trade war with China
On Wednesday, US President Donald Trump announced a 90-day pause on all “reciprocal” tariffs, with the exception of China. Tariffs on Chinese goods will rise to 125%
China retaliates with an additional 50% as the US raises tariffs on Chinese goods to 104%
The trade war between China and the US has escalated after Donald Trump’s move to impose 104% tariffs on Chinese goods. Beijing has retaliated with an additional 50%, bringing the total tariff to 84%
Global footwear trade in 2024: China exports slow, US and Germany rebound in imports
China remained the top footwear exporter in 2024, with exports increasing in volume but decreasing in value. Meanwhile, Vietnam and Indonesia consolidated their positions with double-digit export growth. On the import side, the US and Germany reversed their import declines in 2023, which suggests a resurgence in global demand
Brazilian footwear exports benefit from the strong dollar at the start of the year
The Brazilian footwear industry showed positive export performance in volume and value between January and February, benefiting from the strength of the dollar against the real
Details of reciprocal tariff review closely watched by AAFA
The American Apparel & Footwear Association (AAFA) is closely monitoring the reciprocal tariff review announced by the Trump administration. Initial reports are due by the 1st of April
Fashion and footwear exports from Uruguay end 2024 with a positive balance
After a rocky start to 2024, Uruguay’s fashion and footwear sales grew by 4% throughout the year, according to Uruguay XXI
2024 will not significantly change the landscape of the world’s top footwear exporters
We have looked back at the data available so far on the performance of some of the world’s top footwear exporters in 2024. Unsurprisingly, Asian countries continue to dominate, but China has slowed. In Europe, we highlight the performance of Spain with consistent growth in value and volume of exports
Leather footwear drives positive performance of Bangladesh’s leather industry
Between July and December 2024, Bangladeshi leather footwear exports were up by 30% year-on-year, countering the negative performance of leather goods and finished leather exports
Strong 2024 for the Brazilian leather industry
Brazil’s leather exports increased by 12.5% year-on-year to 1.26 billion USD in 2024, according to the CICB, which also highlighted advances in compliance, traceability and customs barriers
Vietnamese footwear and leather exports reach 27 billion USD
According to Lefaso, the Vietnam Leather, Footwear and Handbag Association, the country's footwear and leather exports reached 27.04 billion US dollars in 2024, an increase of 11.45% year-over-year. Export growth is estimated at 10% for 2025
Italy: footwear exports continue downward trend
The third quarter of the year did not bring a turnaround in the sector’s difficult situation, resulting in a cumulative decline of 9.2% in the value of footwear exports between January and September
French leather shoe exports fall, but China offers opportunity
French leather footwear exports fell by 3% year-on-year between January and August, but according to Alliance France Cuir, there’s still room for luxury footwear to grow in China
Sustained trend in Spanish exports
Despite the difficult international context, which has negatively impacted competitor countries such as Italy, Spain continues to record growing export figures in both volume and value terms
Brazilian footwear exports show slight signs of recovery as export declines ease
Brazilian footwear exports fell by 7% in volume and 3.3% in value in September, but there are signs of stabilisation as growth picks up in key markets such as Argentina and the US
German leather goods and luggage industry expects challenging second half
Falling sales and imports in the first half of 2024 show the difficult moment the German leather goods industry is experiencing, with little hope of a turnaround in the second half of the year
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