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Trump's Tariffs Expected to Negatively Impact Footwear

Jul 2, 2025 Business Conditions Survey
Trump's Tariffs Expected to Negatively Impact Footwear
In the latest edition of the World Footwear Business Conditions Survey, we have asked our panel about the expected impact of Trump's wave of tariffs in footwear. The expectations are not positive. Read it all by accessing the report with the main conclusions


Recent tariffs introduced under the Trump administration, targeting imported goods, have sparked widespread debate about their potential effects on various industries, including the footwear sector. 


When asked about the likely impact of President Trump’s tariff policy on the global footwear industry over the next two years, negative answers far outweigh positive ones, to a balance of -62 percentage points. 




Unsurprisingly, there is some geographic variation on this topic, with North American respondents being less pessimistic (-38 p.p.) than those from other parts of the world.




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Contents

Executive Summary
Business Context
Health of the Business
Employment Level
Prices
Quantity
Difficulties
Retail Channels
Less Optimism about Footwear Consumption in 2025
Trump's Tariffs Expected to Negatively Impact Footwear
AI's Impact in the Footwear Industry
About Survey



About the Survey

In 2019 the World Footwear has created the World Footwear Experts Panel and is now conducting a Business Conditions Survey every semester. 

The objective of the World Footwear Experts Panel Survey is to collect information regarding the current business conditions within the worldwide footwear markets and disseminate this information to provide an accurate overview of the situation of the global footwear industry. The eleventh edition of this online survey was conducted during the months of November and December 2024. 

In this edition, we have obtained 104 valid answers, 36% from Asia, 29% from Africa, 21% from Europe, 8% from North America, 6% from South America, and 1% from Oceania. More than half of respondents (54%) are involved in footwear manufacturing (manufacturers) or footwear trade and distribution (traders) and the remainder in other footwear-related activities, including trade associations (14%), consultancy (9%), education and research (6%), journalism (2%) and other activities (15%).
Previous Editions of this Bulletin can be found HERE

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