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Shoe Retailers Warn Trump That Proposed Tariffs Would Have 'Catastrophic' Effect

Credit: NPR- Published on May 21, 2019
Nike, Adidas and other shoe brands told President Trump that proposed tariffs China imports would have a "catastrophic" effect on Americans. This is the latest in the escalating trade war with China.
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Credit: FOX 4 Now Florida
Published on May 22, 2019 -  00:40
Major shoe companies say proposed tariffs would be "catastrophic" for American consumers
The 25 percent tariff on shoes imported from China would impact many people, including consumers. The Footwear Distributors and Retailers of America estimates the tariff hike would add about $7 billion in additional costs for shoppers. Nike, Adidas, Under Armour, Foot Locker and other sneaker brands and retailers told Trump that proposed tariffs on imported shoes from China would be "catastrophic" for American consumers.

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