Request to eliminate import tariff
Matt Priest, President and CEO of the FDRA, has stated that the 301 tariffs applied to domestic companies are a contributing factor to the rising cost of footwear in retail.
Prices have trended upward in two of the last three years, affecting U.S. consumers. March recorded the most significant increase in 16 months.Priest also noted that the import tariff on general products averages about 2%, while the footwear sector faces an average tariff of 12%.
In a letter addressed to President Biden, Priest requests the elimination of the 301 tariffs to reduce the cost of footwear.