FDRA appeals for removal of duties from China
17/04/2024
Matt Priest said retail footwear prices have risen sharply since implementation of 301 duties, climbing two of the last three years at the fastest annual rates in 34 years.
Section 301 duties are applied to certain products made in China.
Mr Priest said: “Ending 301 duties on shoes by executive order is the only meaningful tool you have to lower shoe prices at retail in the near term. Monetary policy, task forces or new policy reviews are not going to lower the cost of footwear.
“With the added 301 duty, the duty rate doubled for certain children’s casual shoes and slippers, and it more than tripled on certain plastic sandals, wool slippers and infant crib shoes, directly creating record price spikes at checkout. These are shoes families must buy multiple times a year for their children.
“We understand the policy and politics behind 301 duties on microchips with national security implications. However, we are now past the tipping point where misinformed tariffs on consumer products like footwear are causing record harm to Americans versus the good intended.”
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