Tariff Price Hikes To Hit US Consumers Soon, Warns Footwear Group
BloombergTuesday, July 8, 2025 at 5:34:22 AM
The US is gearing up to hit consumers with higher prices on shoes and other goods after President Trump extended tariffs on imports from countries like Malaysia and Indonesia. Matt Priest, head of a major footwear trade group, says the uncertainty is making it tough for shoe companies to plan where to source their products—and warns that shoppers are already feeling the pinch from rising costs.
Editor’s Note: If you’ve noticed your sneakers or boots getting pricier, this is part of why. Tariffs often end up costing everyday shoppers more, and with no clear end in sight, companies (and your wallet) are stuck in limbo. It’s another ripple effect of the ongoing trade tensions—one that hits close to home when you’re shopping for basics.
— Curated via WP Now’s
