Footwear players press Trump on tariffs [Seeking Alpha]
ADIDAS AG S/ADR (ADDYY)
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Source: Seeking Alpha
Footwear players press Trump on tariffs - adidas AG (OTCMKTS:ADDYY) | Seeking Alpha Consumer Footwear players press Trump on tariffs May 20, 2019 3:16 PM ET | adidas AG (ADDYY) Clark Schultz U.S. footwear companies asked President Trump not to increase "While U.S. tariffs on all consumer goods average just 1.9 percent, they average 11.3 percent for footwear and reach rates as high as 67.5 percent. Adding a 25 percent tax increase on top of these tariffs would mean some working American families could pay a nearly 100 percent duty on their shoes," reads the letter. Industry leaders have noted previously the significant benefits to footwear companies and consumers from utilizing the cheaper workforce in China and warn that outsourcing isn't a viable option on a short-term timeframe due to the capital investments required. Shoe stocks: Under Armour (NYSE: UAA RCKY CROX FL DECK WWW SKX SHOO CAL NKE OTCQX:ADDYY Click to subscribe to real-time analytics on ADDYY Now read: Express: A Contra
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