Nike, Adidas, and more than 170 other shoe companies warned of the trade war’s ‘catastrophic’ impact on Americans in a scathing letter to Trump
|05/21/2019||Posted by BusinessMediaguide.Com under General World News||
- More than 170 footwear giants have signed a letter to US President Donald Trump, warning him that his proposed tariffs on Chinese goods would be “catastrophic” for American customers and the economy.
- Brands including Nike, Adidas, Foot Locker, Steve Madden, Puma, and Under Armour, signed the letter, which called for an end to the trade war.
- Trump outlined $300 billion worth of Chinese goods that could face tariffs of up to 25%, and the footwear companies asked to be exempt so American families could avoid “unfathomable” cost increases on their shoes.
- The group said that Trump’s proposals would cost American customers an extra read more >>>