Columbia joins Chinese tariffs battle
One of 24 big-name signatories on letter to Trump
Shoe brands and retailers have sounded alarms that President Donald Trump’s plan to impose sweeping tariffs on imported goods from China will result in higher consumer prices.
A letter urging him not to impose massive tariffs on goods imported from China, was signed by 24 companies including Columbia Sportswear, Abercrombie & Fitch, American Eagle Outfitters, Big Lots, Chico’s FAS, Costco, Dollar Tree, Gap, Havertys Furniture Cos, J C Penney, Jo-Ann Stores, Kohl’s, Ikea North America Services, Levi Strauss, Qurate Retail Group, Sears Holdings, The Michaels Companies, VF Corp, and Wolverine World Wide.
The letter asked the administration to work with companies to find a solution.
“As you continue to investigate harmful technology and intellectual property practices, we ask that any remedy carefully consider the impact on consumer prices,” the letter stated
In a separate letter to Trump on Monday, 82 shoe companies, including Nike, Genesco, Payless ShoeSource, Under Armour, Shoe Carnival and Weyco Group echoed those concerns.The Trump administration is said to be preparing tariffs against Chinese information technology, telecommunications and consumer products in an attempt to force changes in Beijing’s intellectual property and investment practices. Washington could impose more than $60 billion in tariffs on goods ranging from electronics to apparel, footwear and toys.