The US footwear industry, represented by over 80 prominent companies including Nike and Adidas, has called on President Trump to exempt shoes from impending tariffs. They argue that footwear is already under significant financial strain due to high existing tariffs, especially on childrenâs and budget shoes, which disproportionately affects working families. The group emphasized that these tariffs will not revive manufacturing jobs but will escalate costs for consumers, leading to potential job losses and reduced spending. They requested a targeted approach to tariffs rather than broad measures that jeopardize everyday consumer goods.
The industry is uniquely vulnerable to the impact of Trump's trade war, with high tariffs already hurting footwear companies and families in the US.
Footwear brands argue the new tariffs won't bring jobs back but will hurt families, significantly increasing costs at the register.
Many footwear companies are at risk due to unexpected tariffs on already ordered merchandise, facing serious financial challenges.
Footwear Executives suggest a more strategic approach to tariffs that focuses on specific items rather than impacting essential consumer goods.
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