Trade War: The Cost Of Shoe Buying Has Been Greatly Increased In The Sino US Trade War.

The United States is raising tariffs on most products imported from China, which means that the industry that had previously been spared from the tariff increases could be hard to escape. The footwear industry in the United States may be the first to bear the brunt.

According to statistics from the world bank, nearly 60% of American imports of footwear products came from China in 2017, and almost all the shoes sold in the United States are imported products.

In May 10th, the United States announced that it would raise tariffs on about 200 billion U.S. dollars of Chinese imports from 10% to 25%, and Trump said it would impose tariffs on other Chinese products.

Although Trump insists that tariffs on China will be paid for by China, the fact is that these "evil consequences" will be borne by US businesses importing goods from China.

At this point, they either choose to lower their profits on their own, or raise the price to pass the cost to the consumers, and they will always choose the latter.

To understand that the United States levy 25% tariffs will require additional cost to the American consumers, the US footwear industry trade organization FDRA has made a detailed estimate.

Judging from the price increase of a pair of shoes, the new tariff does not seem to affect American consumers very much. But if the cost of clothing and other categories is included, it is obvious that they will need to incur additional costs.

Last year, according to the American clothing and Footwear Association, a 25% tariff would probably cost an American family of four more than $500 a year.

Because the process of shoemaking is much more complicated than clothing production, it is even more difficult for most shoe manufacturers to pfer production lines.

But in order to avoid falling into the worst position, several large sports shoes companies including Nike, Adidas and Andrew have begun to move their production lines in China.

After news of the intensification of Sino US trade war, some American shoe companies are in a downward trend.

Matt Priest, President of FDRA, said that if the United States imposed a 25% tariff on footwear products, American consumers could lose about 7000000000 dollars a year.

He also pointed out that this is only a "conservative" estimate.