U.S. Treasury Secretary Scott Bessent Richard Rodriguez/Getty Images Global tariffs for shoe firms are going up by another five percent, and they could happen as early as this week. That was the word from U.S. Treasury Secretary Scott Bessent in an interview Wednesday with CNBC. He also said that U.S. tariff rates are likely to […]
US President Donald Trump speaks during a press conference at the White House on February 20, 2026. Anadolu via Getty Images U.S. President Donald Trump is already planning new tariffs to replace the ones the U.S. Supreme Court struck down on Friday. Friday’s Supreme Court ruling found that Trump overstepped his authority to impose double-digit […]
U.S. President Donald Trump holding up a chart of “reciprocal tariffs” while speaking during a “Make America Wealthy Again” trade announcement in the Rose Garden at the White House on April 2 in Washington, D.C. Chip Somodevilla/Getty Images The U.S. Supreme Court on Friday ruled that U.S. President Donald Trump‘s sweeping tariffs were illegal because […]
U.S. President Donald Trump holding up a chart of “reciprocal tariffs” while speaking during a “Make America Wealthy Again” trade announcement in the Rose Garden at the White House on April 2 in Washington, D.C. Chip Somodevilla/Getty Images With all eyes on the Supreme Court ahead of its potential tariff ruling, the situation remains an […]
Even with higher price points, consumers may still be willing to pay the increase for shoes they deem a must-have item. Iakov Filimonov (JackF)/Getty Images U.S. President Donald Trump’s tariff increases instilled anxiety over shoe price hikes, at least for the better part of 2025, but it might be 2026 when most of those concerns […]
The concern in the footwear industry is that if prices are raised to offset the cost of duties, then consumers might choose to pullback on their spending and buy fewer pairs of shoes. Bernd Weißbrod/Getty Images Time’s up for footwear firms trying to front-load shipments ahead of tariff increases to hold costs down for consumers. […]
A look inside the new Crocs Icon store at 543 Broadway in SoHo. Brian T. Silak Some consumers have become super cautious, but that’s not stopping Crocs Inc. CEO from taking some bold steps to ensure sustainable growth on a going-forward basis. “As we have consistently said, we are not trying to manage our […]
Cambodia has become a key player in the production of footwear. andreonegin/Getty images U.S. President Donald Trump is pushing for trade deals with Cambodia and Thailand, and he’s using their border conflict to effect peace talks. Thailand and Cambodia on Monday said they agreed to an “immediate and unconditional ceasefire” to halt their border […]
A father and son shopping for shoes. Milos Antic/chabybucko via Getty Images Shoe prices were lower again in June as overall inflation climbed last month, according to the latest data from the Footwear Distributors and Retailers of America (FDRA). In June, retail footwear prices dipped 0.6 percent, the smallest decline in the last four months, […]
A shoe factory in Bogor, West Java, Indonesia, in April 2025. Adriana Adie/Nur Photo via Getty Images U.S. President Donald Trump‘s increase in trade pressures has resulted in a new deal with Indonesia, the first since he sent out the flurry of tariff letters last week. Trump revealed the move Tuesday morning on his Truth […]