The company's shipments of newly-produced branded and private-label footwear from its production facilities to its regional distribution centers are subject to any applicable import tariffs and exchange rate adjustment.
Tariffs are a type of tax levied by a company on any imported goods on a border used by the government to generate revenues.
These are taxes charged by customs authority for the importation of goods into a country. It is also called import duty, custom duty or import tax.
An exchange rate is the value of a country's currency. It is the value of one currency for the purpose of conversion to another.
Therefore, the company's shipment of newly-produced footwear from its production facilities to its regional distributors is subject to import tariffs and rate adjustments.
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