Source: The Business of Fashion
Summary
The ongoing US-China trade war has led to record-high tariffs on shoe imports, with some brands facing costs of up to $5,200 per container. According to Matthew Tran, founder of footwear brand Birchbury, the company is paying closer to $4,500 to $5,200 and expects costs to climb further. The tariffs are affecting the entire footwear industry, with many brands struggling to absorb the additional costs. Some companies are considering passing the costs on to consumers or finding alternative manufacturing locations.
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The look feels familiar.
Tariffs on shoe imports have been a recurring issue in the fashion industry. The current US-China trade war has led to record-high tariffs, affecting brands such as Birchbury. The company’s founder, Matthew Tran, is not alone in his concerns about the impact of tariffs on the footwear industry. The industry has faced similar challenges in the past, with brands struggling to absorb additional costs. The cycle of tariffs and trade wars is likely to continue, with the fashion industry caught in the middle.
Author: Evan Null
