Shoes in the US will rise in price
02.08.2019 2668

Shoes in the US will rise in price

Donald Trump introduced a 10% duty on Chinese goods for $ 300 billion, the tax will also affect shoes. Recall that currently only 1% of the footwear sold in the country is produced in the United States, most of the footwear, about 70%, is imported into this country from China. 

From September 1, a new 10% tariff is introduced on goods imported from China, including clothing, shoes and accessories. In the future, according to US President Donald Trump, the tariff may rise to 25%. The increase in the tariff depends on the achievement of economic agreements between China and the United States. Announcing the new measures on Twitter, US President Donald Trump said that he expected Beijing to fulfill its promise to buy large quantities of American agricultural products, but China did not keep it, as well as a number of other commitments made under the trade deal. Trump said 10% is just an initial hike, tariffs could rise to 25% or even higher. "Until a deal is struck, we will tax them," Trump said.

Donald Trump introduced a 10% duty on Chinese goods for $ 300 billion, the tax will also affect shoes. Let us recall that currently only 1% of footwear sold in the country is produced in the USA, ...
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