Footwear brands including Nike and Adidas ask Trump for tariff exemption
The Footwear Distributors & Retailers of America trade group (FDRA) urged U.S. President Donald Trump to exempt shoes from reciprocal tariffs in a letter signed by makers including Nike, Adidas America and Skechers. WHY IT'S IMPORTANT The FDRA letter, dated April 29, was signed by 76 footwear companies such as Deckers Brands, Capri Holdings, Under Armour, and VF Corp. The trade group said that the industry already faces significant levies, including children's shoes, which often have rates of 20%, 37.5%, or higher, before accounting for the new tariffs.