Hey there! Have you ever wondered why your favorite sneakers might get more expensive? 😲 Well, big shoe companies like Nike, Adidas, and Skechers are asking U.S. President Donald Trump to keep sneakers and other shoes out of new tariffs. 🛍️
These companies, along with 73 others, signed a letter on April 29 asking for help. They said that higher taxes on shoes could make it harder for families to afford new footwear. Imagine if your soccer cleats or school shoes cost a lot more! ⚽👟
The Footwear Distributors & Retailers of America (FDRA), which helps shoe businesses, warns that tariffs could be up to 37.5% on children’s shoes. That’s a big increase! They worry that some companies might have to close, and people could lose their jobs. 😢
The letter said, “Hundreds of businesses face the prospect of closure.” They want to make sure everyone can still buy the shoes they need without paying a lot more. 💰
So next time you tie your sneakers, remember that companies are working hard to keep them affordable for you and your family! 👨👩👧👦
Reference(s):
Tariff Tales: U.S. footwear giants ask Trump for tariff exemption
cgtn.com
