. It turns out that the vast majority (90 percent or more) of the shoes and sneakers that Americans wear are imported. They’re imported mostly from about six countries, all of whom have seen enormous tariffs imposed on them.The estimate of the American shoe companies is that they will have to raise the prices about 37% to deal with the tariffs of 40 to 50 to 60 percent that have been levied on many of the countries that produce shoes. Now, that part of the inflation hasn’t hit yet in the United States, but it is being already factored into the calculations of all of these companies....
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