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Footwear giants Nike, Adidas and others ask Trump for tariff exemption
ADDYYadidas(ADDYY) CNBC·2025-05-03 03:08

America's largest shoe brands are asking President Donald Trump for a tariff reprieve.The Footwear Distributors and Retailers of America trade group sent a letter to the White House this week asking for an exemption to Trump's so-called "reciprocal tariffs," which the association said pose an "existential threat" to the footwear industry. The letter is signed by 76 footwear brands, including Nike, Adidas, Skechers and Under Armour."Many companies making affordable footwear for hardworking lower and middle-i ...