Some of the world’s biggest footwear firms are urging Donald Trump to end the US trade war with China, warning of a “catastrophic” effect on consumers.
In a letter signed by 173 companies, including Nike and Adidas, they said the president’s decision to hike import tariffs to 25% will disproportionately impact the working class.
They also warn that higher levies threaten the future of some businesses.
“It is time to bring this trade war to an end,” the firms urged. Read more