. Inc. makes around 65% of its goods in C

The letter was also sent to Treasury Secretary Steve Mnuchin, Commerce Secretary Wilbur Ross and National Economic Council director Larry Kudlow. It followed last week’s list from the U.S. Trade Representative’s office of about $300 billion worth of products that could see higher import Nike Air Max 270 Womens duties, including all types of Nike Air Max 1 Dam footwear. Trump will discuss the tariffs with Chinese President Xi Jinping next month.Trump has Nike Air Max 720 Femme repeatedly stated that China would pay the tariffs -- something his Nike Air Vapormax Dámské critics say is misleading or wrong. Earlier this month, Kudlow said that “both Nike Air Max 1 Mujer sides” will pay.“As an industry that faces a $3 billion duty bill every year, we www.marysiamilewski.fr can assure you that any increase in the cost of importing shoes has a direct impact on the American footwear consumer,” according to the letter.

That sentiment has been echoed around the industry. “We don’t make enough to absorb that,” said Michael Jeppesen, president of global operations for Wolverine World Wide Inc., which also signed the letter. “The only way it can is to be passed onto the consumer.”Some companies that Nike Air Vapormax Womens anticipated trade tensions, however, see opportunity as demand for sportswear booms in China. Puma SE has moved Adidas Superstar Womens production to countries including Vietnam and Bangladesh -- while continuing Nike Internationalist Mujer to churn out products in China for that country’s consumers, CEO Bjorn Nike Air Max 720 Femme Gulden said on an April 26 call.“To be honest, the trade war between China www.verdeypaisaje.es and the U.S. is a little bit of a gift,” Gulden said. “We can produce targeted products Adidas Ultra Boost Womens for the Chinese market in China, which saves for duty and other costs.”

The companies in the letter vary in their reliance on China. Nike, for example, made about one-quarter of its apparel and footwear in China in fiscal 2018. Puma sourced 24% of its products from China, compared with 32% from Vietnam. And while Skechers U.S.A. Inc. makes around 65% of its goods in China, not all of those products are destined to be sold in Nike Air Max 270 Dámské the U.S.Under Armour Inc., which also Adidas Superstar Femme signed the letter, gets about 18% of its products from China -- Nike Air Max 97 Femme down from 46% in 2013. The company’s goal is to lower that number to Nike Air Max 95 Womens just 7% by 2023.Boeing Co. has been negotiating one of the largest orders ever Nike Air Max 90 Womens of wide-body jetliners with Chinese airlines even as tensions between Washington Nike Roshe Run Womens and Beijing escalate, say people familiar with the talks.Boeing declined to comment, while China’s Civil Aviation Administration didn’t immediately respond to a request for comment from Bloomberg News.