Hong Kong’s footwear makers recently expressed fears that their profits would be affected by the U.S.–China trade war, especially as President Donald Trump has said that he is considering increasing tariffs to 25 percent from 10 percent for Chinese goods worth $200 billion.
The chairmen of two major footwear trade associations in Hong Kong indicated that since orders from the United States make up about 80 percent of their business, Hong Kong’s footwear industry is set to face great challenges. Many Hong Kong footwear companies own factories in China.
