Would Trump exempt footwear giants from tariffs?
· A great footwear trade cohort, including Nike, Addidas, Skecher and others, wrote a letter to President Donald Trump this week, requesting that he should roll back reciprocal tariffs on shoes. · Co-signed letter by brands claimed that footwear businesses and families are under enormous and existential tariffs threat. Those, who are under that scheme, look squeezed by its impact. The so-called reciprocal tariffs can soon make inventories run low. The largest shoe brands of America are asking Trump if he could exempt their businesses from levies. Trump’s so-called reciprocal tariffs pushed America trade group’s major distributors and retailers to write a letter to the White House this week urging for an exemption. Those levies put an existential threat on their businesses, association said. Nike, Adidas, Skecher, Under Armour with 76 others footwear brands signed the letter. A number ...