On April 10, 2025, a man shops for shoes at Los Angeles, a Nike Outlet Store in California.
Frederick J. Brown | AFP | Getty images
America’s largest shoe brand is asking President Donald Trump For a tariff.
America’s business group shoes distributors and retailers sent a letter to the White House this week, asking for a discount for Trump’s so -called “mutual tariff”, which the association said that the shoe is a “existence threat” for the industry. Letter 76 footwear is signed by brands, including Nike, Adidas, Skeches And Armor,
“Many companies making cheap shoes for hardworking and medium-or-ore families cannot absorb tariff rates this high, nor can they pass with these costs. They will simply shutter without immediate relief from mutual tariffs,” reads the letter, which is dated to April 29.
The trade group said, “Many orders have been held, and footwear inventory for American consumers may soon run less.”
Trump’s broad-sweeping tariffs declared on April 2 include levy on many countries Important source For shoes suppliers including China, Vietnam and Cambodia. While Vietnam and Cambodia had initial tariff rates of more than 45% Utara Up to 10% for a period of 90-day, the Trump administration has only completed duties on Chinese imports, which are now subject to an effective tariff rate of 145%.
Trump’s high tariffs on dozens of business partners are ready to resume in early July.
First adidas Wags This week that tariffs will increase higher prices for American consumers. At the end of March, before announcing specific mutual tariff rates, Nike Finance Head said that there would be global levy and economic uncertainty Results in low current-western sales.
The Footwear Association’s letter states that the industry was already facing important duties on products such as children’s shoes, before Trump announced his widespread tariff. The trade group stated that overall, American footwear companies would face tariffs from 150% to about 220%.
The association wrote, “This is an emergency that requires immediate action and attention. The American footwear industry does not have months to accommodate business models and supply chains, absorbing this unprecedented and unexpected tariff regime.”
The group further warned that the manufacture would not have to bring back the manufacturing as a result of the tariff, as Trump has promised, Because they eradicate certainty that businesses need to invest in sourcing changes.
The White House did not respond to the CNBC request for immediate comments.
