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Ending Trump tariffs on footwear, Americans paid 3.4 billion dollars more for shoes in 2021

America’s retailers are hoping to turn back the Trump administration’s ruling additional tariffs on Chinese goods under Section 301 of the Trade Act, as prices continue to soar due to inflation. Earlier this year the Footwear Distributors & Retailers of America (FDRA) sent an open letter for the Biden government to lift the restrictive tariffs,...

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BusinessMember

In the U.S., sneaker prices may soon increase

Sneakers remain the breadwinning staple for many brands and have been a consistent high performing category for menswear. Sales of sneakers are now also the top stocked women’s footwear style for luxury brands too, according to recent data from Edited, which analysed the data behind the core shifts in the luxury space. On retailers’ standalone...

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