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On April 10, 2025, the Nike Outlet store in Los -Andeles, California.
Frederick J. Brown | AFP | Gets the image
The largest shoe brands in America are asked by the president Donald Trump For tariffs the return.
This week, shoe distributors and America’s trade sellers sent a letter to the White House asking for the release of the so -called Trump’s so -called “mutual tariffs”, in which the association stated that it was an “existential threat” for the shoe industry. Leaf signed by 76 shoe brands, including Nike. Adidas. Skechers and Under the armor.
“Many companies that make available shoes for hard-working low and medium-income families cannot absorb the tariff rates of such a high level and they cannot convey these costs. They just close the mutual tariffs,” the letter said on April 29.
“Many orders have been placed on maintenance, and shoe inventory for US consumers can soon decrease,” the trading group said.
Wide Trump tariffs announced on April 2 Important sources For shoe suppliers, including China, Vietnam and Cambodia. While initial tariffs over 45% for Vietnam and Cambodia were omitted Up to 10% in the 90-day period, Trump administration just justified the duties on Chinese imports, which are now subject to an effective rate of 145%.
Trump’s higher tariffs for dozens of trading partners should be recovered in early July.
Adidas before prevent This week tariffs will increase prices for US consumers. At the end of March, before the specific mutual tariff rates were announced, the Nike Finance Head stated that global fees and economic uncertainty would be lead to lower sales in the quarter.
A letter of the association shoes states that the industry is already facing significant responsibilities for products such as baby shoes before Trump announced its wide tariffs. In total, US shoes companies will face tariffs that make up 150% to approximately 220%, the trading group said.
“This is an emergency that requires immediate action and attention. The American shoe industry does not have months to adjust business models and supplies networks when absorbing this unprecedented and unforeseen tariff regime,” the association writes.
Except. Because they destroy the confidence required by businesses to invest in search changes.
The White House did not immediately respond to the CNBC request about the comment.
