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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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U.S. considers new tariffs on European goods, including fashion

European brands could soon see their products increase in price as the U.S. contemplates increasing tariffs on imports from the UK, Spain, Germany and France. The move would net the U.S. 3.1 billion dollars on select imports, which would affect large luxury groups like LVMH but also smaller, independent labels. The tariffs, which could include...

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