Footwear industry calls for lasting agreements after trade truce
For the footwear industry, the continuation of existing tariffs continues to affect companies and consumers, even after the announcement that the United States and China reached a trade truce.
According to the CEO and President of the Footwear Distributors and Retailers of America (FDRA), Matt Priest, disrupted supply chains and higher costs for consumers were not resolved by the measure, although it did provide a degree of stability.
In this context, the executive emphasized the need to move forward with long-term, comprehensive plans that support open and fair trade, FDRA reported.