Nike, Adidas and other footwear giants ask Trump for tariff exemption

The largest America’s shoe marks ask President Donald Trump for a successful fee.

America group glasses and retailers in the house of the week for the trump fee of the trump fee, “that association has given a” existential threat “to the existential industry” to the existential industry. The lecture is signed by 76 shoes marks, including Nike, Adidas, Skechers and it Under the armor. I am

“Many companies make footwear for the lower income households cannot absorb the high-rate, no step in immediate fee”, relating on 29th of April, to read 29 of April.

“Many orders were placed on hold, and shoes for the United States inventors can well soon run bass”, the trade group said.

Trumpy wheeler’s rates, announced on April 2, including Levies on multiple countries that are important sources For the shoes suppliers, by filling China, Vietnam and Cambodia. While the initial fees of fare more than 45% for Vietnam and Cambodia were Calciusu To 10% for a 90-day period, Trump administration has functions on Chinese imports, who are now undergoing the effective fee of 145%.

The highest fees of Trump of the partisers compressed sets for reps in selling aggile.

Adidas previously Notice This week that fees lead to higher prices for US consumers. In the end of March, before the specific fees rates were announced, the chief of Nike funding of the global levies and economic uncertainty result in lower quarter sales.

The lime association card said that the industry has faced the important jobs on the shoes that children’s shoes before Trump announced his wide fees. In total, US companies of shoes tap rates ranging from 150% to about 220%, the business group said.

“This is an emergency that is required of immediate action. The American muss of the shoe patterns and provide the chains while absorbing regime without precissions,” association wrote.

The group also warned that the fees do not bring the manufacturing manufacturing to the United States, as Trump has promised, Because you delete the certainty that the business requires to invest for trash changes.

The white house did not respond immediately to the CNBC request for comments.