While confirming its intention to impose an additional punitive 10 percent import duty on many still unspecified footwear categories and other products originating in China, the administration of President Donald Trump announced on Aug. 13 a postponed implementation for some of the products from Sept. 1 to Dec. 15. There is still no clarity on the products that will be temporarily exempted, but there will be no grace period for those that will be hit if they are still on the water, waiting to reach American ports. The reason given for the move was a reaction to congressional hearings held in June where Wolverine Worldwide and many other U.S. companies complained about the plans. The Chinese government retaliated with a temporary devaluation of the yuan renmimbi, which will obviously favor importers of Chinese footwear located outside the U.S. The trade dispute may lead the U.S. government to demand that the World Trade Organization cancel the preferential trade treatment given to China as a “developing economy.”