Foreign Affairs
Trade war between US and China may lead to catastrophic effects for consumer

Some of the largest shoe companies are urging US President Donald Trump to end the trade war with China, and warned that it may have a catastrophic effect on the consumer if the increased tariffs remain in effect.

In a letter signed by 173 companies, including Nike and Adidas, they claimed that Trump’s decision to increase the import tariffs to 25% will adversely affect the working class and threaten the future of some of these businesses.

President Trump has increased the tariffs on $2 billion worth of Chinese imports to the US from 10% to 25%.

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