America’s largest footwear trade organization has expressed concerns that the cost of shoe imports from Vietnam could skyrocket following reports that the White House is preparing to launch an investigation into the country’s currency practices.
President Donald Trump speaks to reporters on the South Lawn of the White House.
In a statement sent to FN on Friday, Footwear Distributors and Retailers of America (FDRA) president and CEO Matt Priest wrote that the group was “very concerned” by the Trump administration’s potential probe into Vietnam over allegations of currency manipulation. The country is the second-largest supplier of shoes to the United States.
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