Nike and Adidas to Trump: Tariffs on shoes would be 'catastrophic'

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Nike and Adidas to Trump: Tariffs on shoes would be 'catastrophic'
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Proposed tariffs on imported shoes from China 'will have an immediate and long-lasting effect' on Americans, a coalition of more than 170 footwear companies including Nike, Adidas, Under Armour and Foot Locker said in a letter to President Trump

New York Nike, Adidas, Under Armour, Foot Locker and other sneaker brands and retailers told President Donald Trump on Monday that proposed tariffs on imported shoes from China would be"catastrophic" for American consumers.

"Any action taken to increase duties on Chinese footwear will have an immediate and long-lasting effect on American individuals and families," a coalition of more than 170 footwear companies said in a letter to Trump."It will also threaten the very economic viability of many companies in our industry."US importers stuck with Trump's latest China tariffs The letter was posted on the website for the Footwear Distributors and Retailers of America, an industry trade group.

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