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Trump tariffs, trade war: Stores warn of higher prices

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A group of 173 footwear companies including Nike, Adidas, and Under Armour urged President Donald Trump to remove shoes from the latest tariff list. With the industry already facing a $3 billion duty bill every year, the companies said any further increase in the cost of importing shoes would be felt by customers.

“There should be no misunderstanding that U.S. consumers pay for tariffs on products that are imported,” the letter said. “It is an unavoidable fact that as prices go up at the border due to transportation costs, labor rate increases, or additional duties, the consumer pays more for the product.”

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