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American footwear industry applauds trade war ceasefire

Dec 10, 2018 United States
American footwear industry applauds trade war ceasefire
The Footwear Distributors & Retailers of America (FDRA) applauded the move by the Trump administration to suspend new trade tariffs
“The footwear industry welcomes the news that the US will not pursue any new tariffs on Chinese goods while the two countries seek a negotiated outcome to this protracted trade war”, stated Matt Priest, President and CEO of the FDRA, adding: “Our companies know far too well the negative impact import duties have on American consumers and are grateful that additional tariffs have not been placed on footwear during the 301 process. That being said, we will continue to advocate on behalf of our industry, calling for the end of all 301 duties and, ultimately, the elimination of all 3 billion US dollars in footwear duties paid annually.”



Photo by chuttersnap on Unsplash


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