In the News

Trump's Tariff Threat - Bad News for US Sneaker Lovers

Geoff Riley

23rd December 2016

We will wait to see if the reality comes anywhere close to matching the rhetoric but the footwear industry is an example of a sector where less than 2% of shoes worn in the United States are made in the country.

Today the US imports 98.4% of its footwear, according to the American Apparel and Footwear Association. This is despite an import tariff averaging close to 10 per cent. More here

66% of all US imports of Footwear stems from China - with a 12% import tariff.

China held an estimated 75 per cent share of global footwear exports in 2015, down from 80% in 2010. Cost advantage is moving to countries such as Vietnam, Bangladesh and Indonesia.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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