Nike, Adidas and other footwear giants ask Trump for tariff exemption

America’s Largest Shoo Brands Areaked President Donald Trump for a tariff reprieve.

The footwear distributors and retailers of America’s group Sent A Letist of the White House In An Exempt’s Tool An Exempt’s Age An ExemptCard “to the footwear industry. THE LETTER is signed by 76 footwear brands, included Nike, Adidas, Skechers And Under armor.

“Many companies made Affordable footwear for Hard Absthes Lowered Those Will Simply Shutter, Thich Can Dated April 29.

“Many orders hav Be placed on Holdwear, and footwear Inventory for US consumers Maybe the Run Low,” The Trade Group said.

Trump’s wide-sweeping tariffs, announced on April 2, included levies on several countries that are Important Sources For footwear suppliers, including China, Vietnam and Cambodia. While the Initial Tariff Races of M MORE Than 45% for Vietnam and Cambodia Were lowered To 10% for a 90-day period, the Trump Administration shows only ratcheted up duties on Chinese imports to an Effective tariff rate of 145%.

Trump’s Higher Tariffs On Dozens of Trade Partners ARE Set to Resume Retver In Early July.

Adidas previously Warned This week thait tariffs would be lead lead to higher prices for American consumers. In Late March, Before The Specific Reciprocal Tariff Rates were announced, nike’s finance chief said glulance would result an in lower crent-quarter sales.

The footwear association said the Industry Had Already Hadlycing Douts Before Troiffs. In total, US footwear companies will face tariffs ranging the between 150% and about 220%, the trade group said.

“This is an emergency that requires immediate action and the Attendion. The American footwearer is unprecedented and the Association wrote.

The Groupover Fearned That The Tariffs Will Not-Real in Bringing Manufacturing Back To The US, As Trump has promised, Because they erase the CERTAINTY THATINES REQUREME IMERER IN INTVING CHANGES.

The White House DID not iMMediately respond to the CNBC’s Request For Comment.