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Adidas, Nike, Crocs join over 200 footwear companies warning Trump over tariffs

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Adidas, Nike, Crocs join over 200 footwear companies warning Trump over tariffs

YEREVAN, AUGUST 29, ARMENPRESS. More than 200 footwear companies have called on USPresident Donald Trump to cancelnew tariffs on Chinese imports-- including shoes -- that are set to take effect Sunday.

Manufacturers including Adidas, Converse, Crocs and Nike joined retailers like Foot Locker and JC Penney insigning theletter. The letter was also signed by small and independent shoe stores.

The letter was also sent to Treasury Secretary Steven Mnuchin and other top US officials involved in the China trade negotiations.

“This uncertainty the China trade war has brought to our industry is stifling U.S. growth and halting capital investment in jobs, infrastructure, technologies, and more competitive pricing for our customers. On behalf of our hundreds of millions of American footwear consumers and hundreds of thousands of employees, we ask that you immediately terminate the scheduled tariff increases on footwear,” the letter read.

Edited and translated by Stepan Kocharyan

AREMNPRESS

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