An association of large American shoe companies raises the alarm because of the potential devastating effects of new tariffs. They warn that the levies could trigger widespread operating closures, job losses and price increases for consumers: inside.
In a letter to the Trump government, the Footwear Distributors and Retailers of America (FDE) argues that represent industry giants such as Nike, Adidas and Skechers that the tariffs represent an “existential threat” for the sector.
The FDRA argues that the shoe industry is particularly at risk because it is already confronted with some of the highest customs sets in the US customs tariff. The new tariffs that are collected in addition to these existing levies could drive the total load to an intolerable level – in some cases up to 220 percent.
The industry organization warns of serious consequences, including:
Closets: Hundreds of shoe companies, especially those that focus on affordable shoes for consumers: concentrating inside with low and medium -sorts, could be forced to close.
Workplace losses: Tens of thousands of jobs are at risk in the areas of production, sales and retail.
Interruptions of the supply chain: The tariffs already cause order delays and frozen inventory, which could lead to bottlenecks for American consumers: inside.
Price increases: The increased costs are probably passed on to consumers: inside, which makes shoes less affordable, especially for price -conscious buyers: inside.
The FDRA also rejects the argument that the tariffs will lead to a resurrection of domestic shoe production. She argues that the considerable capital investments and the long lead times required for a production shift make this an unrealistic perspective. In fact, according to the FDRA, the tariffs, which also apply to production facilities, remove further uncertainty and horror from such investments.
The letter calls on the Trump government to pursue a more targeted approach for tariffs and to focus on strategic goods instead of vital consumer goods. The FDRA warns that current politics will cause significant damage to American employees: inside, families and the overall economy.
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