Tariffs
US and Indonesia reach tariff deal
Both the US President Donald Trump and the Indonesian President Prabowo Subianto said that the tariffs faced by the Southeast Asian country would be reduced from 32% to 19%
Trump intensifies trade tensions with the EU and Mexico
Tensions are rising over trade after US President Donald Trump sent letters to the European Union (EU) and Mexico threatening to impose a 30% tariff on their goods from the 1st of August
Trump’s 50% tariff threat to Brazil raises alarm in footwear industry
Donald Trump has threatened Brazil with a 50% tariff starting on the 1st of August over charges against its former right-wing president Jair Bolsonaro. The Brazilian footwear industry has already voiced its concern
US President postpones reciprocal tariffs but announces new country-specific rates
Donald Trump has officially delayed imposing higher tariffs on US imports until the 1st of August, and has sent letters to 14 countries detailing the levies they face, including Japan and Korea
The US and Vietnam reach an agreement on tariffs
US President Donald Trump announced that the US would impose lower-than-expected tariffs of 20% on many Vietnamese exports, and 40% on transshipments through Vietnam from third countries
Expo Riva Schuh and Gardabags to address current challenges facing the footwear and accessories market
The event will address challenges such as tariff uncertainty, supply chain fragmentation, and shifting economic geographies in order to help brands and companies navigate the international landscape
US Trade Court blocks most of Trump’s global tariffs
The Court of International Trade ruled that President Trump did not have the authority to impose blanket tariffs on imports from US trading partners. This voids most of the tariffs that sparked the latest global trade war
Trump threatens to impose a 50% tariff on EU goods
On Friday, US President Donald Trump used social media to threaten a 50% tariff on European Union (EU) imports from the 1st of June, reigniting fears of a trade war. After a weekend call, he agreed to delay it until the 9th of July
Keen committed to not raising prices in 2025
The outdoor footwear brand has announced that it will not be implementing any tariff-related price increases for the rest of 2025 in order to support its partners and customers during this period of uncertainty
Early signs of supply chain disruption from the recent trade war
Import cargo at major US container ports is expected to decline year-on-year for the first time in over a year and a half in May, as the effects of the trade war on the supply chain start to become apparent
US strikes deal with UK, cuts China tariffs for 90 days
The US will reduce import taxes on a set number of British cars and allow some steel and aluminium into the country tariff-free. It will also lower tariffs on Chinese goods from 145% to 30% for 90 days.
76 footwear brands urge Donald Trump to exempt shoes from tariffs
Nike, Skechers, Crocs, adidas, Puma, Caleres, VF Corp and Wolverine Worldwide are among the 76 companies that are urging the US administration to exempt footwear from the tariffs, fearing rising costs
Vietnam opens trade talks with the US over looming tariffs
Vietnam and the US have formally opened talks over the Trump administration’s threat to impose a 46% tariff on goods from the Southeast Asian country, according to state media reports
What’s next for footwear businesses in a volatile global trade landscape?
We have looked at the prospects for footwear companies in light of the recent US tariffs announcements, highlighting some concerns from both a manufacturing and retail perspective
China hits back with 125% tariffs on US goods
China has retaliated against Donald Trump’s latest round on tariffs by raising duties on all US goods to 125% and dismissing the administration’s actions as a “joke”-
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