Trump just acknowledged that tariffs are paid by Americans, footwear trade group CEO says via YahooFinance
The Footwear Distributors and Retailers of America is breathing a small sigh of relief as President Trump delays the implementation of additional tariffs on $300 billion of Chinese Goods.
Priest, also says while the FDRA is pleased with the decision to delay new tariffs on certain shoes, they are not satisfied. On August 1, President Trump tweeted that tariffs of 10% would be placed on approximately $300 billion of Chinese imports while the U.S. and China negotiate a new trade deal. The president has now instructed the United States Trade Representative to delay those proposed tariffs. The additional duties on these items were set to go into effect on September 1 but have been pushed back to take effect on December 15.
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