logo
USFMA urges tariff reinvestment to boost US footwear industry

USFMA urges tariff reinvestment to boost US footwear industry

Fibre2Fashion22-05-2025
The United States Footwear Manufacturers Association (USFMA) has called on President Donald Trump to reinvest revenue generated from new tariffs on imported goods into reviving the domestic footwear supply chain.
In a letter sent to the President and key government officials, USFMA executive director Bill McCann highlighted the opportunity to modernise US footwear production and reduce reliance on foreign suppliers — especially for critical items like military boots and PPE.
McCann stated that American footwear manufacturing is primed for a revival, driven by renewed investment from legacy brands and innovative startups. Technologies like AI-driven automation and additive manufacturing are enhancing competitiveness.
'Long-established footwear manufacturers are reinvesting in domestic operations, and a new generation of entrepreneurs and startups are entering the industry with energy and innovation. Advances in materials and manufacturing processes, such as AI-powered automation and additive manufacturing, are helping to level the global playing field for American footwear manufacturers,' USFMA executive director Bill McCann wrote in a letter to President Trump.
Currently, US-based footwear producers make just 25 million pairs annually — less than 1 per cent of the 2.7 billion pairs sold nationwide. USFMA proposes a $5 billion one-time federal investment to increase domestic output to at least 5 per cent (135 million pairs), which it claims would create tens of thousands of jobs and bolster national preparedness. Even before the President's tariffs, levies on footwear imports were projected to generate $3.3 billion in 2025.
'Achieving the goal of rebuilding American footwear manufacturing requires significant capital investment, particularly in state-of-the-art manufacturing equipment. USFMA proposes that a portion of tariff revenue generated from imported footwear be strategically reinvested to match private sector capital to modernise and expand domestic footwear production,' McCann continued.
The association also underscored the role US manufacturers played during the COVID-19 pandemic by pivoting to produce millions of PPE items.
It cited that similar supply vulnerabilities persist in military logistics. As much as 50 per cent of active-duty troops reportedly wear foreign-made 'optional' boots, primarily from China and Vietnam. USFMA backs the bipartisan Better Outfitting Our Troops (BOOTS) Act, which would require all military boots to be US-made.
'For the strength of our economy, for our ability to make things in America, and for the safety of our warfighters, we respectfully urge your Administration to support a manufacturing friendly tax code, reinvest tariff revenue from imported footwear to spur the production of domestic footwear, and ensure US armed forces are equipped with best-in-class modern American-made footwear,' the letter concluded.
USFMA has urged President Trump to reinvest tariff revenue from imported footwear into reviving US manufacturing. Citing low domestic output and military reliance on foreign-made boots, it proposed a $5 billion investment to boost local production to 5 per cent. The group also supports the BOOTS Act to mandate US-made military footwear and enhance national preparedness.
Fibre2Fashion News Desk (HU)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘It's ridiculous': Donald Trump mocks Elon Musk's ‘America Party', says it's good for ‘chaos'
‘It's ridiculous': Donald Trump mocks Elon Musk's ‘America Party', says it's good for ‘chaos'

Indian Express

time37 minutes ago

  • Indian Express

‘It's ridiculous': Donald Trump mocks Elon Musk's ‘America Party', says it's good for ‘chaos'

US President Donald Trump on Sunday reacted to the formation of a third political party by billionaire entrepreneur Elon Musk named 'America Party' and termed the idea 'ridiculous', stating it can add to already prevailing confusion. Ahead of boarding Air Force One in Morristown, New Jersey Trump told reporters 'I think it's ridiculous to start a third party. We have had tremendous success with the Republican Party. The Democrats have lost their way, but it's always been a two-party system, and I think starting a third party just adds to confusion,' Reuters reported. Trump was asked about Musk's new political outfit after the tech billionaire escalated his feud with the Republican president by announcing the new party, in response to Trump's 'Big, Beautiful bill' passing the Congress and becoming a law. Musk has long opposed the bill and said it will only increase the debt on the American economy and people. While criticizing Musk's idea to have a third political party, Trump said 'It really seems to have been developed for two parties. Third parties have never worked, so he can have fun with it, but I think it's ridiculous.' By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom. — Elon Musk (@elonmusk) July 5, 2025 Musk announced the formation of the 'America Party' on Saturday in a post on X after conducting a poll on whether the United States requires a third party. Musk's party is a direct result of Trump's coveted tax-cut and spending bill which passed the US Senate and House of Representatives by the Republicans and was signed into law by the president on July 4. In a post on Truth Social, Trump said Musk has completely gone 'off the rails,' and has become a 'train wreck' over the past five weeks. Trump said the third party which Musk wants to start doesn't seem to have been designed for the United States. 'The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION & CHAOS,' Trump said. Trump called out Musk for not supporting the 'One Big, Beautiful Bill Act' as it removes the EV mandate. 'I have been strongly opposed to that from the very beginning. People are now allowed to buy whatever they want – Gasoline Powered, Hybrids (which are doing very well), or New Technologies as they come about – No more EV Mandate,' Trump said in the post.

Did Jane Street manipulate Indian market or exploit its shallowness?
Did Jane Street manipulate Indian market or exploit its shallowness?

Time of India

time40 minutes ago

  • Time of India

Did Jane Street manipulate Indian market or exploit its shallowness?

Douglas Schadewald and Rahul Yadav are two totally different-looking ends of the same thread. Their backgrounds couldn't have been more different. Their credentials couldn't have been more in contrast. One is a Manhattan-based mathematical genius from Harvard who cut his teeth in big-bracket Wall Street firms. The other is a 10th-pass tax driver from Nalasopara, north of Mumbai, armed with just a tad more than tips from Youtubers and chats with

Did Jane Street manipulate Indian market or exploit its shallowness?
Did Jane Street manipulate Indian market or exploit its shallowness?

Economic Times

time40 minutes ago

  • Economic Times

Did Jane Street manipulate Indian market or exploit its shallowness?

Douglas Schadewald and Rahul Yadav are two totally different-looking ends of the same thread. Their backgrounds couldn't have been more different. Their credentials couldn't have been more in contrast. One is a Manhattan-based mathematical genius from Harvard who cut his teeth in big-bracket Wall Street firms. The other is a 10th-pass tax driver from Nalasopara, north of Mumbai, armed with just a tad more than tips from Youtubers and chats with

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store