1421 ET - The Trump administration's deal to lower proposed tariffs on goods from Vietnam to 20% from 46% isn't enough to help footwear retailers, according to Matt Priest, who heads the Footwear Distributors and Retailers of America. Vietnam accounted for $10.6 billion in shipments last year and is on pace to become the biggest supplier for the U.S. footwear industry this year, he says. "Disrupting that pipeline with additional tariffs would hit American consumers and our industry hard," he says. He urges the administration to acknowledge steep footwear duties already in place and avoid adding more strain. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
July 02, 2025 14:21 ET (18:21 GMT)
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