Trade War
US and China strike preliminary trade deal
The United States and China have reached a framework agreement on a trade deal that eases global trade tensions. However, the final terms have yet to be formally agreed upon by both governments
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
US Retail: bleak prospects amid growing uncertainty
The footwear retail sector is definitely underperforming, especially compared with clothing and accessories. The current trade war between the US and its trading partners is not helping consumers recover from last year’s inflationary crisis. Consumer confidence has fallen by almost 30% in the first four months of the year as people believe that shoe prices may rise significantly again. Against this backdrop, importers are at a standstill, trying to guess the best course of action. Uncertainty is the word that best describes the current situation in the sector
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.
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”
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%
Mexico: footwear exports on track to grow by more than 50% this year
The Mexican footwear industry estimates to export between 32 and 35 million pairs by the end of 2022, which would reflect a growth year-over-year of more than 50%
Matt Priest: the US footwear industry is resilient and agile
We have spoken to Matt Priest, who is the President & CEO of the Footwear Distributor & Retailers of America, to discuss in detail the achievement of the 100.7 billion US dollars record on consumer demand for shoes in 2021. We have also ventured into the future, going over the main concerns for the US footwear industry, such as rising inflation (7.5% in January), additional duties on Chinese consumers goods, but also the opportunities on the horizon
US: Apparel and Footwear Industry welcomes suspension of retaliatory tariffs
The American Apparel & Footwear Association (AAFA) welcomed the announcement by the US Trade Representative (USTR) to end a dispute over aircraft subsidies, effectively suspending retaliatory tariffs on clothes, shoes, and fashion accessories imposed by the US and the EU
EU-Japan EPA: how to determine the rule of origin for Footwear?
To benefit from the European Union (EU) - Japan Economic Partnership Agreement (EPA) preferential tariff rates, the product needs to be originating in Japan or the EU
EU-Vietnam FTA gets green light in trade committee
The Committee on International Trade gave its consent to the free trade agreement (FTA) by 29 votes, six votes against and five abstentions and recommends that the EP Plenary should do the same
EU-Japan EPA: a practical guide for footwear companies
The Economic Partnership Agreement between the European Union and Japan entered into force last year creating the largest open trade zone in the world. Today we bring you a practical guide for footwear companies-
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Footwear Consumer 2030
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