Survey Of Footwear Industry In The US And The World: China'S Footwear Imports Drop Sharply

The US economic growth rate dropped to 1.9% in the fourth quarter of 2016, while the growth rate in the first three quarters was 1.4%, 0.8% and 3.5%, respectively, with an average annual growth rate of 2%.

On the whole, the recession in the Obama era is still continuing.

President Trump said that with the support of tax regulation and financial reform, the US economy could reach an average annual growth rate of 4%.

However, achieving his vision is a difficult process. Even though the Republican Party is in charge of the two chambers, it is not easy to get deeply divided congressional approval, especially in the Senate.

Therefore,

We must try our best to persuade members to follow and implement his policies.

Because of the natural constraints of the US economy, such as the aging of the population and the huge government deficit, many economists believe that it is difficult to achieve this positive growth proposed by Trump. Although he stated that investment will increase further, it will also bring investment inflation accordingly.

Although the US economic growth rate is expected to be only 2%-3% in 2017, the outlook of other countries in the world is still very optimistic, such as Europe, China and some parts of Latin America have higher growth expectations.

Trump's first month in the White House was full of contradictions - publicly rebuffing his previous immigration ban on seven Middle Eastern countries, withdrawing from the US National Security Council and the Ministry of labour, and attacking mainstream media.

Whether he has been praised as a trade priority ruling plan can be successful or difficult.

Border tariff adjustment seems to lack momentum.

The original proposal was to merge import duties to corporate income tax and exempted from export duties, which was put forward by the free trade representative of the house of Representatives.

Trump called it "too complicated".

And brands strongly opposed, seems to have been good news from Trump's White House, almost all media, business public relations and economists are opposed to this proposal.

Many people worry that this proposal will make the dollar value unstable, not conducive to exports, and will damage the circulation of money in emerging markets, resulting in a global retaliatory trade protection boom.

Of course, Congress will retain part of the proposal because it needs some new tax policies to make up for nearly $1 billion of the national tax losses it may bring with Trump's trade tax relief.

Sustained development requires sustained attention.

In 2016, imports of footwear from the United States decreased by 5.2%.

The total import volume was reduced by 127 million pairs, and footwear imports from China decreased by 188 million pairs. In addition to China, the import of other countries increased by only 61 million pairs, while the final 127 million reduction was not filled.

From Vietnam, Kampuchea, India, Brazil and Spain.

A substantial increase.

Among them, the footwear products from Vietnam and Kampuchea are mainly leisure sports, which may replace China's position in this field and women's shoes.

Although footwear imports from China have fallen sharply, Indonesia, Mexico, Italy, Dominica, Thailand, Bangladesh and Nicaragua have failed to fill the market gap.

From a percentage point of view, the decline in leather shoes imports is greater than the overall decline in footwear, and there is no substitute country except for the decrease in imports from China.

In 2016, the American leather shoes market shrinks.

The number of leather shoes imports decreased by 10.4% in 2016, down 59 million 900 thousand pairs compared to the same period in 2015.

This sharp decline reflects the continued weakness of women's fashion products based on leather.

Almost all of the decline came from imports of leather shoes from China, with a year-round decline of 16.6% and 5 million 880 thousand pairs.

At present, no country can replace China's reduced market share. In fact, the United States imported 1 million pairs of leather shoes from other countries in 2016.

Most of them are due to the reduction of leather sports footwear from Vietnam and Indonesia.

Other countries with reduced imports of leather shoes also include Dominica, Mexico and Bangladesh, mainly in the field of outdoor footwear, which is also weakening in the field of sports shoes.

In contrast, other leather shoe makers, such as India, Brazil, Italy, Spain, Portugal and Ethel Bea, have grown in the field of women's fashion leather products, and seem to have a tendency to replace China.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.