Possible Shoe Tariff in 2013 Reversed

From the press release:

The eight bills are continuations of existing bills, meaning that the administration’s opposition would have resulted in sudden increased tariffs on specialty footwear products that represent 30 percent of all outdoor specialty sales.

“We set our pricing on a six-month basis, so we would have had to absorb the increased costs,” said Jonathan Lantz, president of La Sportiva North America. “We would have taken a big hit, which would have limited our plans for hiring, marketing and employee appreciation programs in 2013."

http://www.outdoorindustry.org/news/industry.php?newsId=17559
http://www.dpmclimbing.com/articles/view/shoe-tax-might-hit-climbers-hard-2013

Since I favor Sportivas these days, thank goodness. I wasn't relishing a 38% increase in prices and being forced into a different brand.