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Hundreds of U.S. companies are reported to have joined a multi-industry letter sent to the Trump Administration on September 7 in opposition to the third round of potential Chinese tariffs, including several footwear, accessories and furniture manufacturers.
Signatories of the letter opposing to the new tariffs on US$200 billion worth of consumer goods include leading U.S. shoe brands, says the Footwear Distributors and Retailers of America (FDRA). “Even though footwear is not on the third list proposed by the Trump Administration, many other consumer goods and production machinery is at risk, driving up prices for all American consumers. Higher costs for our consumers hurt our ability to sell more shoes and that impacts jobs in our industry”, said Matt Priest, President and CEO, FDRA.
The letter specifically outlines key challenges of supply chain agility and costs and highlights how millions of U.S. jobs, “including in research and design, supply chain, manufacturing, compliance, logistics, and retail, would be put at risk if a new 10% or 25% tax were imposed, due to fewer sales, less investment, and cost increases throughout U.S. supply chains”.
Signatories include Tapestry, Wolverine Worldwide, VF Corp, Stride Rite, adidas, Nike, Narciso Rodrigues, Merrel, Puma, Michael Kors, Genesco, Harley Davidson Footwear, Derek Lam, Clarks, Cat Footwear, Aerosoles, Caleres, Ikea and Macy’s.