Adidas, Nike, Converse join more than 200 footwear companies warning President Trump over tariffs
Footwear companies are urging President Trump to scrap his new tariffs on Chinese imports. More than 200 companies including Nike, Converse and Adidas sent him a letter Wednesday saying the tariffs will be a hidden tax on Americans.
Experts say the tariffs will also affect American jobs and growth in those companies. Last week, President Trump said he would increase tariffs on 300-billion dollars' worth on Chinese imports.
The tariffs are set to kick in on Sunday but most products won't be affected until December.