We Are All Caught in the Middle of This Trade War, Says Footwear Distributors' Priest

The video discusses the impact of tariffs on the US footwear industry, highlighting the challenges faced due to high import duties, particularly from China. It explores the broader economic implications of tariffs on consumer goods and the difficulties in shifting supply chains. The discussion also covers trade policies, the need for global engagement, and the potential benefits of agreements like the Trans-Pacific Partnership. The video concludes with a call for more effective trade strategies and a hopeful outlook for future resolutions.

What is the primary concern for the footwear industry regarding tariffs?

• Increased competition from local manufacturers

• High dependency on Chinese imports

• Lack of skilled labor in the US

• Decreased demand for footwear

How have American consumers become more aware of the impact of tariffs?

• Through government campaigns

• Due to increased prices of consumer goods

• Through social media influencers

• By attending industry conferences

What is a significant challenge in moving footwear production out of China?

• Lack of raw materials in other countries

• Strict environmental regulations

• High capital investment and skilled labor requirements

• Political instability in alternative countries

What is the correlation between the consumer price index for footwear and the price of shoes crossing the border?

• The correlation is strong and unmistakable

• The correlation varies by season

• The correlation is weak

• There is no correlation

What is the intended purpose of the 301 process?

• To lower consumer prices

• To address technology transfers and perceived abuses

• To balance trade deficits

• To increase domestic production

What trade agreement did the footwear industry support for its potential benefits?

• European Union Trade Agreement

• Trans-Pacific Partnership (TPP)

• South American Trade Pact

• North American Free Trade Agreement (NAFTA)

What is the footwear industry's stance on the use of tariffs to change Chinese behavior?

• They think tariffs will boost local production

• They see tariffs as punishing domestic consumers

• They are neutral on the issue

• They believe tariffs are effective