A wave of concern is sweeping through the athletic footwear industry as Donald Trump‘s proposed import tariffs threaten to significantly impact sneaker manufacturers and retailers. The potential policies could especially affect companies heavily dependent on Asian manufacturing hubs.
What Happened: Industry leaders are bracing for impact after Trump proposed a 20% blanket tariff on all imports and a steep 60% levy specifically on Chinese goods. The footwear sector, which already faces substantial import duties, could see production costs surge further.
Wall Street reflected these concerns as major athletic wear stocks declined. Nike (NYSE:NKE) fell 3.41%, while Adidas (OTC:ADDYY) dropped ...