FDRA Appeals to Trump, Seeking Shoe Tariff Relief
In a letter sent Tuesday, signed by 76 footwear companies, including major brands like Nike, Adidas America, and Skechers, the FDRA stated, "American footwear businesses and families face an existential threat from such substantial cost increases."
The letter emphasized the disproportionate impact of the tariffs, saying, "We are hit particularly hard by the tariff actions," noting that the new "reciprocal rates" are added to existing high footwear tariffs, resulting in some companies facing tariffs ranging from over 150 percent to almost 220 percent.
The FDRA has issued a stark warning about the looming threat of significant economic repercussions, highlighting that numerous businesses are at risk of shutting down, tens of thousands of jobs could be lost, many orders are currently delayed, and the supply of footwear for U.S. consumers may soon dwindle.
The industry body also refuted the notion that the tariffs would encourage domestic manufacturing, asserting, "These tariffs will not drive shoe manufacturing back to the United States."
The letter concluded with an urgent plea for action, stating, "This is an emergency that requires immediate action and attention," and adding that the industry lacks the time to adapt to this "unprecedented and unforeseen tariff regime."
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
