t readily move production into other countries

One of the reasons footwear is harder to produce Nike Air Max 90 Femme Rose elsewhere is because of the manufacturing process, Nike Roshe Run Femme which is more complicated than making, say, a pair of pants, Nike Air Pegasus 83 Mujer said Neil Saunders, managing director of research firm GlobalData Nike Air Max 2017 Dámské Retail. The intricate process means that companies have already made a hefty investment in Chinese equipment and therefore have budgeted for cheaper labor costs.“All through the supply chain, an increase in tariffs has quite a negative effect,” Saunders said.We can assure you that any increase in the cost of importing shoes has a direct impact on the American footwear consumer," the companies wrote in their letter.The Footwear Distributors & Retailers of America estimates that the proposed tariffs would tack on an additional $7 billion in annual costs for customers.

That’s on top of the existing $3 billion Adidas Superstar Dam a year in Nike Air Max 2017 Femme tariffs paid by the shoe industry, Nike Air Max 95 Femme thanks to legislation from 1930 that was intended to Nike Air Max 270 Mujer protect U.S. manufacturing during the Great Depression.Last Nike Air Max Command Womens summer, Trump levied tariffs on $34 billion worth of Chinese goods. Nike Roshe Run Mujer The White House followed up with a threat to extend the tariffs to all $500 billion worth of imports from China, which put the shoe industry on high alert. Nike, Saucony and Under Armour had previously written to the White House, saying that shoe tariffs would lead to higher costs for consumers and fewer American jobs.“Any action taken to increase duties on Chinese footwear will have an immediate and long-lasting effect on American individuals and families,” the companies wrote in March 2018.More than 170 of the nation’s largest footwear companies have sent a clear message to President Trump: A trade war with Nike Air Max 97 Womens China will burn a hole in Americans’ soles.

Companies Nike Air Presto Mujer of all kinds Nike Air Vapormax Femme have to contend with Trump’s Nike Air Max 90 Femme Noir evolving threats, said Mark Cohen, director of retail studies Adidas ZX 750 Womens at Columbia Business School. It can be nearly impossible for Adidas ZX Flux Dámské retailers to practically prepare for potential new tariffs while also Nike Air Max 720 Femme keeping up with, and responding to, Trump’s day-to-day whims, Cohen said.“These footwear manufacturers are going to get killed because they can’t readily move production into other countries that don’t have production at the levels the Chinese have,” Cohen said. “And so what happens? Prices are going to go up. Demand is going to go down. People spend less money when prices rise. No question about it.”Nike and other shoe companies sent a letter to the White House warning of the “catastrophic” effects President Trump’s proposed 25 percent tariff would have Nike Air Presto Dámské on consumers, companies and the U.S. Nike Air Vapormax Womens economy.