The letter was posted on the website Nike Air Max 95 Femme for the Footwear Distributors and Retailers of Nike Roshe Run Femme America, an industry trade group. It was also addressed to United States Trade Representative Robert Lighthizer, Treasury Secretary Adidas Ultra Boost Womens Steven Mnuchin, Commerce Secretary Wilbur Ross and Larry Kudlow, the director of the National Economic Council.Earlier this month, the Trump Nike Air Max 90 Mujeradministration hiked tariffs on $200 billion of Chinese-made goods. The tariffs mostly hit industrial materials and component parts, but also applied to luggage, hats and gloves for US importers.Additionally, the Trump administration has started a formal process to slap 25% tariffs on Nike Air Max 720 Femme the remaining $325 billion in goods coming from China that aren't already taxed.Adidas NMD Womens That list included sneakers, toys and other consumer products. we ask that you immediately stop this didas Superstar Femme action to increase their tax burden."

China is a Adidas NMD Mujer key link in the supply chain for US shoe companies. China accounted for 72% of all footwear imported into Adidas Superstar Womens the United States in 2017, according to data from retail industry trade groups.26% Adidas ZX 850 Womens of Nike's (NKE) footwear and 26% of Nike's apparel were manufactured in China in its 2018 fiscal year, according to the company's annual securities filing. China is a "important sourcing country and consumer market for us," Nike said in the filing.In their letter to Trump, the sneaker companies said they are not able to quickly shift production Nike Roshe Run Femme out of China. "Footwear is a very capital-intensive industry, with years of Nike Air Max 720 Femme planning required to make sourcing decisions, and companies cannot simply move factories to adjust to these changes."Other US companies have also recently warned that additional Nike Air Max 90 Femme tariffs on Chinese goods will hit consumers.

Walmart www.johanweststeijn.nl (WMT), America's largest retailer, said last week it will raise prices on some products as a result of the Trump Adidas ZX Flux Womens administration's tariffs on Chinese Nike Air Max 270 Femme Noir goods."Increased tariffs will lead to Nike Air Max 720 Femme increased prices, we believe, for our customers." Walmart chief financial officer Brett Biggs told reporters Thursday.Complicating matters further: The shoe industry is deeply entrenched in China. In their letter, footwear companies warned that they can’t “simply move factories to adjust to these changes.” After all, footwear is one of the nation’s most heavily imported products, with nearly all shoes manufactured outside the United didas Superstar Femme States. Nearly three-quarters of those imports come from China, the American Apparel & Footwear Association said last year.