China & Footwear Distributors and Retailers of America

China: China opposed the 12.5% tariff as unilateral and harmful, while some exporters reported limited impact due to already reduced U.S. sales.

Footwear Distributors and Retailers of America: The FDRA reported that shoe prices have already risen 4.1% year-over-year due to tariffs and expects further increases.

China: China's factory activity expanded due to stockpiling, but it is also a source of global trade imbalances and faces pressure from G7 nations regarding its industrial policies.

Footwear Distributors and Retailers of America: The Footwear Distributors and Retailers of America reported that petrochemical-based materials in synthetic shoes are significantly tied to oil price swings, leading to potential price increases for consumers.

China: China is a major oil importer affected by supply disruptions. It has suspended strategic reserve purchases and may face higher energy costs.

Footwear Distributors and Retailers of America: The trade group warned of higher costs for footwear due to fuel and material prices.