200 Footwear Companies Ban Together Against President Trump, Increased Chinese Import Tariffs

Over 200 footwear companies have joined forces to write a letter to President Trump asking to cancel his plans to increase tariffs on Chinese imports from 10% to 15%. Among the companies are competitors adidas and Nike, along with Foot Locker, Crocs and more. Together, the companies argue that the increased tariffs, which would be put into effect on September 1, would harm both manufacturing costs and retail prices. Since footwear production capacity is limited in other countries, a subsequent r...