Reported about 24 hours ago
Footwear companies, including Nike and Adidas, have urged U.S. President Trump to exempt shoes from tariffs in a letter from the Footwear Distributors & Retailers of America, citing significant existing levies that threaten the industry's survival. The letter, signed by 76 companies, emphasizes the potential for price increases and business closures due to current and prospective tariffs, particularly those disproportionately affecting children's shoes.
Source: YAHOO