Nike Begs Trump Not To Raise Tariffs On Shoes Imported From China

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Shoe retailers including Nike have written a letter begging President Donald Trump not to raise tariffs on footwear imported from China.

Shoe retailers, including Nike and Adidas, have written a letter to the White House begging President Donald Trump not to raise tariffs on footwear imported from China.

President Trump’s tariffs are devastating news for Nike, the sportswear giant that produces the vast bulk of it’s products in Chinese sweatshops, before selling them at huge profits in the US market, and paying far-left celebrities including Colin Kaepernick to market them.

It comes after the White House last week released a fresh list of about $300 billion in Chinese goods that could get hit with 25% tariffs, if Trump decides to move forward with his threat. The list includes footwear — everything from sneakers to sandals, golf shoes, rain boots and ski shoes.

CNBC report: The U.S. imported $11.4 billion worth of footwear from China last year, according to data from the U.S. Census Bureau, making it an industry incredibly reliant on the country for its cheaper yet skilled labor.

Nike, Adidas and Under Armour, among other sneaker makers, have steadily been easing their reliance on China, shifting production to places like Vietnam instead.

But “footwear is a very capital-intensive industry, with years of planning required to make sourcing decisions, and companies cannot simply move factories to adjust to these changes,” the letter sent to Trump said.

The White House didn’t immediately respond to CNBC’s request for comment.

President Trump’s tariffs are the latest blow to the virtue-signaling sportswear giant, after a #BoycottNike campaign wiped almost $4.2 billion off the company’s market cap.

Baxter Dmitry

Baxter Dmitry

Baxter Dmitry is a writer at The People's Voice. He covers politics, business and entertainment. Speaking truth to power since he learned to talk, Baxter has travelled in over 80 countries and won arguments in every single one. Live without fear.
Email: baxter@thepeoplesvoice.tv
Baxter Dmitry

4 Comments

  1. Raise the tariffs immediately. Remove all manufacturing from china or fuck off and go bust.

  2. Fuck them. They can afford it if anyone can. Why should people be paying $150 for $2 plastic shoes? $75 for a pair of flip flops is exactly the reason America has sold itself to China. China owns over $1 trillion in Treasury bonds and God knows how much in corporate bonds and real estate. You sold your nation for flat screen TVs and cheap plastic tat from Walmart. If you are that careless with your money then no wonder the 1% have it all.

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