China and the United States reach an agreement

On last December 13, the negotiations between the two countries ended with an agreement for section one of the tariffs. This determined a 7.5% reduction in the rates implemented in September, which means a 50% decrease; in addition to the elimination of taxes that would take effect on December 15.

From the Federation of Distributors and Retailers of America (FDRA), they promote that the tariffs to the footwear are removed in greater proportion, as the negotiations progress.

As a counterpart in the agreement, the Asian country would make important purchases of energy, agricultural products and manufactures, coupled with a structural reform. Soon, discussions regarding stage two would begin, leaving aside the possibility of holding them after the 2020 elections, as stated Donald Trump and published World Footwear.