The Coronavirus emergency could stop the Trade War that has been continuing between Beijing and Washington for a few years. “Trump eases the trade war with China”, is the general rumour from the United States. US footwear could be among those benefitting from the change in direction. Beside from the economic manoeuvre worth 2 billion USD, the US president )in picture) could announce the suspension of duties for imports from China for the next quarter.
Trump softens the terms with China
According to the Wall Street Journal, which cites a US representative of the White house, the government is thinking of suspending duties for the quarter. “That’s what I asked for over two weeks ago – comments Matt Priest, president and CEO of FDRA (Association representing US footwear operators) to Footwear News -. Our sector’s leadership is working tirelessly, night and day, to find liquidity for companies in need. And more, to try ensuring that, when the emergency is over, businesses are ready to pick up where they left off and recover, providing work for thousands of people”. Mr. priest has asked the Administration to confirm the news and communicate the details of the decision.
- Focus on Stella International and their acting, from China, throughout 2020