More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg DECK, and Off Broadway Shoe Warehouse, have penned a letter to the White House asking Donald Trump to consider a halt in raising tariffs on footwear imported from China.
It comes after the White House last week released a fresh list of about $300 billion in Chinese goods that could get hit with 25% tariffs, if Trump decides to move forward with his threat. The list includes footwear, everything from sneakers to sandals, golf shoes, rain boots, and ski shoes.
The Footwear Distributors and Retailers of America, a trade organization for its industry, has estimated the tariffs could cost shoe shoppers more than $7 billion each year… Yahoo! Finance