retailers to practically prepare for potential new ta

Matt Priest, president www.melanieo.fr and chief executive of the Footwear Adidas Superstar Homme Distributors and Retailers of America, an industry Adidas NMD Womens group, said many retailers have already begun to map Nike Air Max Thea Femme out costs for spring 2020, and that some of its members didas Superstar Femme are worried the new tariffs will put them out of business. Priest Nike Air Max 90 Mujer said his organization has not yet heard back from the White House."The uncertainty is probably the big killer," Priest said. "In the meantime, we have to plan for the unthinkable."If the tariffs kick in, then consumers would feel it almost immediately because they're assessed once a good crosses the border, Priest said. That would affect back-to-school inventory, as well as holiday sales later in the year, he said.One of the reasons footwear is harder to produce elsewhere is because of the manufacturing process, which is more complicated than making, say, a pair of pants, said Neil Nike Air Max 720 Mujer Saunders, managing director of research www.domoreso.fr firm GlobalData Retail.

The intricate process Adidas NMD Donne means that companies have already made a hefty Nike Air Vapormax Mujer investment in Chinese equipment and therefore have budgeted Nike Air Vapormax Femme for cheaper labor costs."All through the supply chain, an Adidas ZX Flux Mujer increase in tariffs has quite a negative effect," Saunders said.The Footwear Distributors & Retailers of America estimates that the proposed tariffs would tack on an additional $7 billion in annual costs for customers. That's on top of the existing $3 billion a year in tariffs paid by the shoe industry, thanks to legislation from 1930 that was intended to protect U.S. manufacturing during the Great Depression.Last summer, Trump levied tariffs on $34 billion worth of Chinese goods. The White House followed up with a threat to extend the tariffs to all $500 billion worth of imports from China, which Adidas ZX Flux Womens put the shoe industry on high alert. Adidas ZX 850 Womens

"Any action taken to increase duties Nike Air Max 720 Womens on Chinese footwear will have an immediate and Adidas ZX Flux Mujer long-lasting effect on American individuals and families," Adidas Ultra Boost Womens the companies wrote that March.Companies of all kinds www.tonyrusconi.it have to contend with Trump's evolving threats, said Mark Cohen, director Nike Air Max 2017 Mujer of retail studies at Columbia Business School. It can be nearly impossible for retailers to practically prepare for potential new tariffs while also keeping up with, and responding to, Trump's day-to-day whims, Cohen said.“These footwear manufacturers are going to get killed because they can’t readily move production into other countries that don’t have production at the levels the Chinese have,” Cohen said. “And so what happens? Prices are going to go up. Demand is going to go down. People spend less money when prices rise. No question Nike Air Max 270 Femme about it.”