U.S.-Lithuania Trade Agreement Boosts Footwear Exports
A recent bilateral trade agreement between the United States and Lithuania has reduced tariffs on specific footwear categories, including women's and children's footwear with rubber soles and textile uppers under HS Code 6404.19.37. This has led to a 12% increase in exports from Lithuania to the U.S. in this category over the past quarter.
2023-10-15
Impact: Positive impact on Lithuanian exporters with reduced tariffs, potentially increasing market share in the U.S. for specialized footwear.
U.S. Importers Report Rise in Lithuanian Footwear Quality Standards
U.S. importers have noted improvements in the quality and design of Lithuanian-made footwear under HS Code 6404.19.37, particularly in women's open-toe and open-heel styles with sheepskin uppers. This has driven a 5% uptick in demand among American retailers.
2023-09-22
Impact: Increased demand may strengthen trade ties and encourage more U.S. retailers to source from Lithuania, boosting bilateral trade volume.
Logistics Challenges Affect U.S.-Lithuania Footwear Shipments
Recent disruptions in European shipping routes have delayed shipments of footwear under HS Code 6404.19.37 from Lithuania to the United States, causing a backlog at key U.S. ports and affecting seasonal inventory for retailers.
2023-08-30
Impact: Negative short-term impact on trade flow, potentially increasing costs for U.S. importers and affecting retail availability.
