1706 ET - The footwear industry needs long-term solutions to navigate the burden of existing tariffs, even after a U.S.-China trade truce, Footwear Distributors and Retailers of America CEO Matt Priest says. "While this pause helps prevent further escalation, it does not solve the underlying challenges that have driven up costs for families and disrupted supply chains," Priest says, noting existing tariffs remain in place. Priest urges the Trump administration to work toward solutions that eliminate what he calls unnecessary tariffs. Several footwear companies have warned of increased pressure from tariffs in recent months. Deckers Outdoor forecast more cautious consumers over the key holiday shopping period due to tariff-driven price increases, while Steven Madden withdrew its full-year outlook, citing tariff uncertainty. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

October 31, 2025 17:06 ET (21:06 GMT)

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