FDRA President Says No Response Yet From Trump on Plea to Drop Tariffs

FDRA President Says No Response Yet From Trump on Plea to Drop Tariffs

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the impact of tariffs on the US footwear industry, highlighting the potential increase in costs for American consumers due to duties on Chinese imports. Matt Priest, President and CEO of the Footwear Distributors and Retailers of America, explains the industry's historical duty payments and the current challenges posed by proposed tariffs. The discussion covers the potential impact on retailers like Macy's and JCPenney, the difficulty of shifting supply chains from China to countries like Vietnam, and the broader economic implications, including possible product shortages and price increases during key retail seasons.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is Matt Priest and what organization does he represent?

President of the US Retailers Association

CEO of the Footwear Distributors and Retailers of America Trade Association

Director of the US Trade and Commerce Department

Head of the American Consumer Protection Agency

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main concern of retailers like Macy's and JCPenney regarding the tariffs?

Increased competition from Chinese brands

Potential damage to their bottom line

Lack of consumer interest in their products

Increased labor costs in the US

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of US footwear was made in China a decade ago?

80%

50%

93%

69%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the challenges mentioned in shifting supply chains from China to Vietnam?

Lack of skilled labor in Vietnam

Increased tariffs in Vietnam

High transportation costs

Difficulty in making quick changes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What potential issue might consumers face during the holiday season due to tariffs?

Shorter shopping hours

Decreased quality of products

Limited product availability

Increased advertising costs