All Trade & Sourcing articles – Page 6
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Trump threatens 50% tariff for EU goods
The US President Donald Trump is recommending a 50 percent import tariff on goods from the European Union after claiming that trade talks with the bloc had stalled. ”The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very ...
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Indian state of Uttar Pradesh launches a footwear cluster
The Uttar Pradesh State Industrial Development Authority (UPSIDA) said that it is developing the state’s “first dedicated Footwear Park” on 131.69 acres in the town of Kanpur. The project aims at providing opportunities for micro, small and medium enterprises, it said. The park is envisioned as a hub for manufacturing ...
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ArticlePortuguese footwear exports up 5.4% in value in Q1
In the first quarter of 2025, the Portuguese footwear industry exported 20 million pairs of shoes, worth €453 million. Compared to the previous year, shipments were up by 4.9 percent in volume and 5.4 percent in value, according to the Portuguese footwear association Apiccaps. “This is a very promising start ...
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US cuts de minimis tariff for Chinese goods
In an executive order signed on May 12, US President Donald Trump is cutting the so-called “de minimis” tariff on parcels from China, including Hong Kong, to 54 percent from 120 percent from May 14. A flat fee of $100 remains in place. The “de minimis” exemption enables shipments with ...
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ArticleChina and US to suspend part of tariffs for 90 days starting May 14
China and the US have jointly announced a 90-day suspension of certain tariffs starting on May 14, following talks in Geneva between the parties. The US said it would lower its reciprocal tariff on Chinese goods to 10 percent from 125 percent, while China said it would cut its tariff ...
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ArticleSteve Madden sees first cancellations amid tariff woes, seals Kurt Geiger acquisition
Steve Madden said it has received the first order cancellations in the wake of US import tariffs, as it continues to take steps to mitigate their impact, increasing prices and aggressively shifting production outside of China. Edward Rosenfeld, the Chairman and CEO, told analysts in a conference call on first-quarter ...
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ArticleCrocs withdraws guidance on macroeconomic uncertainty
Crocs said it was withdrawing its guidance for the full year amid macroeconomic uncertainties tied to global trade policies, despite its better-than-expected sales performance in the first quarter of the year. “We are incredibly proud of our better-than-expected first quarter performance despite what has been an increasingly volatile macroeconomic backdrop ...
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Keen to keep prices stable in 2025
Keen announced on May 6 that it will not implement any tariff-related price increases for the remainder of 2025. The Portland-based outdoor footwear brand said the decision reflects its commitment to supporting its retail partners and consumers during a period of global uncertainty. “Keen will not implement any tariff-related price ...
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ArticleUS footwear brands call for tariff exemption
The Footwear Distributors and Retailers of America (FDRA) has addressed an open letter to the US President, Donald Trump, asking the removal of reciprocal tariffs for footwear. The letter was signed by 76 brands, including the sneaker giants Nike, Adidas, Puma and Skechers. The letter dated April 29 started by ...
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ArticleUS Treasury Secretary sees de-escalation in trade war with China
During a private summit with investors hosted by JPMorgan Chase held in Washington, the US Treasury Secretary Scott Bessent said he expects “there will be a de-escalation” in the trade war with China in the “very near future,” CNBC reported citing a person attending the meeting. “No one thinks the ...
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Chinese exports to US face up to 245% tariff
Chinese goods exported to the US face an up to 245 percent tariff as a result of the Asian country’s ”retaliatory actions,” according to a fact sheet released by the US administration. The levy includes a 125 percent reciprocal tariff, a 20 percent tariff to address the fentanyl crisis, ...
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ArticleBrazilian shoemakers have mixed feelings about US tariffs
Brazilian shoemakers have mixed feelings about the impact of newly introduced US trade tariffs as they are seen as both an opportunity and a threat to the South American country. Brazil was included in the first batch of countries whose products only faced the 10 percent baseline tariff applied on ...
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China hikes tariffs on US goods to 125%
China has raised tariffs of goods imported from the US to 125 percent from a previous 84 percent, according to a statement from the State Council Tariff Commission released on the website of the Ministry of Finance. “The US’s imposition of abnormally high tariffs on China seriously violates international economic ...
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ArticleUS postpones reciprocal tariffs for 90 days except for China
On April 9, the US administration postponed for 90 days the application of so-called reciprocal tariffs to a string of countries. However, the waiver does not concern Chinese goods, for whom the US has increased reciprocal import duties to 125 percent. When added to an already existing 20 percent levy, ...
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China imposes 34% tariff on all US imports effective April 10
China will impose a 34 percent tariff on all goods imported from the US starting from April 10, in retaliation to the tariffs announced by the US administration, the official Xinhua news agency reported. China also announced export control measures on certain rare earth-related items, including samarium and gadolinium. Xinhua ...
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ArticleUS tariffs are expected to significantly hit Asian shoemakers
The decision made on April 2 by the US President Donald Trump to introduce tariffs on all goods imported to the US is expected to have a significant impact on footwear manufacturers, especially in Asia. Meanwhile, the UK is considered as coming out fairly unscathed from the new regime and ...
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Sports Gear opens a factory in Portugal
Sports Gear, a Taiwanese group specializing in sports footwear and supplying major brands such as Adidas, Nike and Puma, has invested €15.3 million in a factory in the Portuguese town of Estarreja, the Portuguese daily Diário de Notícias reported. Inaugurated on March 7, the factory currently employs 20 workers, but ...
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ArticlePeru and Guatemala shoemakers target new markets
Peru and Guatemala are two important Latin American footwear markets for different reasons. Peru, despite an annual production of 62 million pairs, ranks third after Chile and Mexico among the continent’s importing countries. Guatemala, on the other hand, ranks fourth after Brazil, Mexico and Ecuador among the region’s exporters, with ...
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Pakistan footwear exports up over 15% in 8 months to February
Pakistan’s footwear exports rose by 15.48 percent to $126.4 million between July and February, corresponding to the first eight months of the country’s fiscal year, from $109.5 million a year earlier, according to the Pakistan Bureau of Statistics. Leather footwear exports rose by 14.94 percent to $98.12 million in the ...
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ArticleA way out of the trade dispute: Is Cambodia the new Vietnam of the footwear industry?
With the current trade dispute between China and the US, the disturbance shows no signs of abating any time soon.
