Calls to remove taxes on China
In mid-November, the removal of tariffs on China, which are part of Section 301, resurfaced as a demand from the Footwear Distributors and Retailers of America (FDRA) to the Biden administration.
These punitive tariffs were implemented between 2018 and 2019 in various sectors, including footwear, which carries an average tax of 12%, according to Matt Priest, president and CEO of the organization.
The measure aimed to have a punitive effect on certain practices carried out by China. However, the higher cost of footwear is not borne by the Asian giant, but by consumers and companies in the United States, Priest added.