Reported 1 day ago
Trade groups warn that new tariffs imposed by the Trump administration on key clothing exporters will significantly raise prices for sneakers, jeans, and other apparel in the U.S., with estimates suggesting marked price increases for imported shoes. As a result, low-income families are predicted to feel the greatest financial strain during the upcoming back-to-school shopping season, with retailers facing challenges due to shifting sourcing strategies and heightened production costs.
Source: YAHOO