Rockford, Mich (via WOOD TV) — Wolverine Worldwide is among a collection of American shoe companies asking the Trump administration to drop a proposed tariff.
In a letter dated Monday, the Footwear Distributors and Retailers of America says the 25% tariff on footwear "would be catastrophic for our consumers, our customers and the American economy as a whole."
The letter points out that the cost of tariffs is passed on to customers and that a tariff on shoes specifically would "impact every type of shoe and every single segment of our society," especially working-class families. It says the cost to consumers would be $7 billion annually.
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