Adidas, Nike urge Trump to drop ‘catastrophic’ new tariffs | The Malaysian Insight

📆 5/22/2019 2:23 AM
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Adidas, Nike urge Trump to drop ‘catastrophic’ new tariffs

Adidas says at the end of the day, the American consumer pays for any tariff on products that are imported. – EPA pic, May 22, 2019.

ADIDAS, Nike and PUMA yesterday urged US President Donald Trump to prevent the shoe industry from falling victim to the trade war with China, saying new tariffs could be “catastrophic”. In a letter to Trump, those big name manufacturers joined forces with more than 170 other American shoe manufacturers and retailers calling for footwear to be exempted from a new round of punitive tariffs on US$300 billion in Chinese goods.

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