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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.
The World Trade Organisation concluded on September 15 that the punitive tariffs imposed on China by the Trump administration go against the rules of international trade, reports ILM.
Matt Priest, president of the Footwear Distributors & Retailers of America (FDRA) has published this chart that should get all of us who love the footwear industry to sit up and take notice.
The United States believes the way the French tax is structured unfairly targets large U.S. internet companies like Facebook, Google and Amazon.
Prada is seeing signs of recovery as markets in Asia signal confidence. The Milan-based luxury brand said it reopened stores in China, Korea and Taiwan where it saw double-digit growth in April. In Hong Kong and Macao, activity is slower due to a lack of tourists and ongoing protests. In Europe Prada reopened some stores in Germany, Austria and Holland, Prada’s CEO Patrizio Bertelli told Italian newspaper La Repubblica.