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Originally posted by wtg:

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Originally posted by Steve Miller:

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Originally posted by wtg:

Also this week, more than 170 shoe retailers, including Nike and Under Armour, sent a letter to President Donald Trump, saying 25% tariffs could lead to certain families paying a nearly 100% duty on shoes.

Families? Which families are these?

I wondered the same thing but didn't have time to research it till just now. And I still don't understand.

Maybe they think rich people buy Italian-made shoes and working folks buy the stuff from China?

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The FDRA estimates Trump’s proposed tariffs on China will add $7 billion in extra costs for consumers, on top of the billions Americans pay due to the tariff on footwear imports that was enacted in 1930. Those extra duties fall hard on working class Americans and families, it said.

“Adding a 25 percent tax increase on top of these tariffs would mean some working American families could pay a nearly 100% duty on their shoes. This is unfathomable,” the companies said, adding that “it is time to bring this trade war to an end.”

Here's the whole letter from the shoe dudes.

https://fdra.org/wp-content/up...-Tariff-Letter-1.pdf