President Biden is considering lifting tariffs on Chinese products that have contributed to rising prices of shoes and other consumer goods
Easing these tariffs, which were introduced by the Trump Administration, would be in line with an effort to mitigate the rampant inflation across the U.S. Consumer prices rose by 8.6% in May compared to a year ago, according to the Bureau of Labor Statistics. 99% of all footwear sold in the United States is imported. Import tariffs force retailers to raise prices without any benefit to the local industry
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