Nike, Under Armour, among others, urge Donald Trump to remove footwear from tariff list

Leading U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged the U.S. President Donald Trump to immediately remove footwear from the proposed tariffs list on goods imported from China. 

Nike, Under Armour, among others, urge Donald Trump to remove footwear from tariff list
"The proposed additional tariff of 25 percent on footwear would be catastrophic for our consumers, our companies, and the American economy as a whole," the companies said. Image source: Reuters
Written By: Reuters
Updated: Tue, May 21, 2019
07:21 am
Reuters
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Leading U.S. footwear companies, including Nike Inc and Under Armour, on Monday urged the U.S. President Donald Trump to immediately remove footwear from the proposed tariffs list on goods imported from China. 

"The proposed additional tariff of 25 percent on footwear would be catastrophic for our consumers, our companies, and the American economy as a whole," the companies said in a letter https://fdra.org/wp-content/uploads/2019/05/2019-Footwear-Tariff-Letter-.... 

President Trump increased tariffs on $200 billion worth of Chinese imports to 25% from 10% earlier in May, a move widely expected to raise prices of thousands of consumer products including clothing and electronics.

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