What are the effects of Trump's tariffs? The shoe industry has become a hard-hit area, with reports that well-known brands are increasing prices by 10%!
- byVic

讀後心得
Trump's increase in tariffs will lead to price hikes across the board, from food to daily necessities, especially hitting the footwear industry hard. The market predicts that shoe prices from brands like Nike and adidas will rise by 10%, potentially causing consumers to spend an additional $15 to $35 (approximately 500 to 1160 New Taiwan dollars). The rising costs of footwear will ultimately be passed on to consumers, and many people are worried about increased living expenses in the future, considering purchasing lower-priced shoe options. Countries like Vietnam and Cambodia face high tariffs, which have a limited impact on brands, but the burden on consumers will increase.
According to reports from the financial center, as Trump swings the tariff big stick, prices of everything from food to daily goods are expected to rise across the board. Southeast Asia, as a production base for Taiwanese shoe manufacturers, has undoubtedly become the hard-hit area in this wave of tariffs. There are reports in the market that the prices of shoes from brands like Nike, adidas, and Asics may increase by 10%, with the final cost passed on to consumers expected to rise between 15 to 35 US dollars, which converts to nearly 500 to over 1000 New Taiwan dollars. To purchase limited edition sneakers, people are queuing up to enter stores, but after April 9, consumers may have to pay a higher price if they wish to buy. Due to the impact of tariffs, Vietnam has become an important subcontracting base, and future costs will lead to higher final prices, testing the wallets of consumers.

Sneaker experts have mentioned that with the implementation of the tariff clauses, the prices of some popular shoe models are bound to rise. He predicts that the price increase will be between 15 to 35 US dollars. Considering the rising production costs and the impact of tariffs, these changes will inevitably be passed on to consumers. For consumers, there may be a tendency to choose less popular or lower-priced shoe models. For Taiwanese manufacturers, even facing such cost pressures, demand still exists, so manufacturers are unlikely to absorb these costs themselves; ultimately, the burden will shift to consumers.

Experts predict that the increase in tariffs will lead to rising costs in the shoe supply chain, with shoe products' prices ranging between 15 to 35 US dollars, equating to roughly 500 to 1160 Chinese yuan. Taiwanese companies like Pou Chen and Feng Tai are also highly reliant on the U.S. market; if tariffs are shared by brand owners and subcontractors, the impact on subcontractors may be relatively limited. However, consumers will still bear the largest increase in costs. Some individuals have expressed their dissatisfaction with such price hikes, worrying about future inflation, and are considering choosing cheaper shoe options.
Due to tariffs as high as 46% and 49% in Vietnam and Cambodia, respectively, the governments of both countries have expressed a desire to lower tariffs to Trump. However, tariff levels remain high in various countries, such as Indonesia at 32%, India at 26%, and China at 34%. A general price increase in the market seems imminent.