• Submit article
  • Advertise
  • My LiStingGh
    • Your News
Sunday, July 3, 2022
27 °c
Labadi
28 ° Mon
28 ° Tue
28 ° Wed
28 ° Thu
  • Login
  • Register
The New Crusading Guide Online
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
  • Home
  • Politics
  • News
  • Africa
  • World
  • Business
  • Lifestyle
  • Tech
  • Entertainment
  • Your News
  • More News
No Result
View All Result
The New Crusading Guide Online
No Result
View All Result
Home Reviews

Shoe giants urge Trump to end trade war

News Desk by News Desk
May 22, 2019
in Reviews, Social Media, World
Reading Time: 3 mins read
1.6k 16
A A
0
Shoe giants urge Trump to end trade war
1.2k
SHARES
1.8k
VIEWS
Share on FacebookShare on Twitter

Some of the world’s biggest footwear firms are urging Donald Trump to end the US trade war with China, warning of a “catastrophic” effect on consumers.

In a letter signed by 173 companies, including Nike and Adidas, they said the President’s decision to hike import tariffs to 25% will disproportionately impact the working class.

They also warn that higher levies threaten the future of some businesses.

“It is time to bring this trade war to an end,” the firms urged.

Related posts

New Juaben Installs New Chief Amidst Litigation

New Juaben Installs New Chief Amidst Litigation

July 1, 2022
1.9k
‘New Sheriffs’ For GJA Take Over … Journalists Support Fund Tops Albert Dwumfour’s Agenda

‘New Sheriffs’ For GJA Take Over … Journalists Support Fund Tops Albert Dwumfour’s Agenda

July 1, 2022
1.8k

Mr Trump increased levies on $200bn (£157.3bn) worth of Chinese imports into the US from 10% to 25% more than a week ago after Washington and Beijing failed to reach a deal on trade.

China retaliated by announcing plans to raise levies on $60bn of US imports from 1 June.

  • US-China trade war: What could Beijing do next?
  • Who loses out in the US-China trade war?

The footwear companies that signed the letter, including Clarks, Dr Martens and Converse, claim that while the average US tariff on footwear is 11.3%, in some cases it can reach as high as 67.5%.

“Adding a 25% tax increase on top of these tariffs would mean some working American families could pay a nearly 100% duty on their shoes,” the companies wrote.

“This is unfathomable.”

When he raised tariffs earlier this month, Mr Trump told companies that they could reduce costs by shifting production to the US.Skip Twitter post by @realDonaldTrump

Donald J. Trump✔@realDonaldTrump

China buys MUCH less from us than we buy from them, by almost 500 Billion Dollars, so we are in a fantastic position. Make your product at home in the USA and there is no Tariff. You can also buy from a non-Tariffed country instead of China. Many companies are leaving China…..11:31 AM – May 14, 2019

  • 93.9K
  • 28.1K people are talking about this

Twitter Ads info and privacyReport

End of Twitter post by @realDonaldTrump

However, the shoemakers and retailers say that while they have been moving their sourcing away from China: “Footwear is a very capital-intensive industry, with years of planning required to make sourcing decisions, and companies cannot simply move factories to adjust to these changes.”

The US and China are set to meet again to discuss trade at the G20 summit in Japan next month.

In the meantime, however, the US has increased pressure on China by declaring a national emergency to protect US computer networks from “foreign adversaries”, affecting Huawei, the Chinese telecoms giant.

source> BBC News

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Game of Thrones: How much do its female characters speak?

Next Post

Kweku Baako, Anas Murdered Ahmed Suale!

News Desk

News Desk

Related Posts

New Juaben Installs New Chief Amidst Litigation
Culture

New Juaben Installs New Chief Amidst Litigation

July 1, 2022
1.9k
‘New Sheriffs’ For GJA Take Over … Journalists Support Fund Tops Albert Dwumfour’s Agenda
More News

‘New Sheriffs’ For GJA Take Over … Journalists Support Fund Tops Albert Dwumfour’s Agenda

July 1, 2022
1.8k
Judgement Debt Looms Over Stalled Decommissioning Of Oil Rig -INSTEPR Warns
National

Judgement Debt Looms Over Stalled Decommissioning Of Oil Rig -INSTEPR Warns

July 1, 2022
1.8k
Rahman’s 10 Million Fraud!
More News

Rahman’s 10 Million Fraud! MY LIPS ARE SEALED 

July 1, 2022
1.9k
“All SET FOR APPIATSE COMMUNITY RECONSTRUCTION TO BEGIN”- LANDS MINISTER
National

“All SET FOR APPIATSE COMMUNITY RECONSTRUCTION TO BEGIN”- LANDS MINISTER

June 30, 2022
1.8k
Operations Feed Yourself Campaign
National

Operations Feed Yourself Campaign

June 30, 2022
1.8k
Next Post
Ignore False Reports About Tiger Eye PI/ Kweku Baako

Kweku Baako, Anas Murdered Ahmed Suale!

Journalists Caused Visa Scandal

Journalists Caused Visa Scandal

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

New Juaben Installs New Chief Amidst Litigation

New Juaben Installs New Chief Amidst Litigation

3 days ago
1.9k
‘New Sheriffs’ For GJA Take Over … Journalists Support Fund Tops Albert Dwumfour’s Agenda

‘New Sheriffs’ For GJA Take Over … Journalists Support Fund Tops Albert Dwumfour’s Agenda

3 days ago
1.8k
Judgement Debt Looms Over Stalled Decommissioning Of Oil Rig -INSTEPR Warns

Judgement Debt Looms Over Stalled Decommissioning Of Oil Rig -INSTEPR Warns

3 days ago
1.8k
Rahman’s 10 Million Fraud!

Rahman’s 10 Million Fraud! MY LIPS ARE SEALED 

3 days ago
1.9k

BROWSE BY CATEGORIES

  • Africa
  • Apps & Software
  • Business
  • Corona
  • Crypto News
  • Culture
  • Entertainment
  • Food
  • Health
  • Lifestyle
  • Mobile
  • More News
  • myblog
  • National
  • News
  • Opinion
  • Politics
  • Reviews
  • Science
  • Social Media
  • Sports
  • Startup
  • Tech
  • Travel
  • uncategorized
  • US
  • World
  • Your News

BROWSE BY TOPICS

2018 League Africa airbus Anas apiate apiatse appiate Australia Balinese Culture Bali United bogoso Budget Travel Champions League China Chopper Bike coronavirus corruption Côte d’Ivoire Ebony EC Election Results entertainment Europe France Gaza Germany Ghana India Israel NDC News Nigeria North Korea NPP People Reviews Russia South Africa South Korea Spain Tech UK world Woyome Zimbabwe
ADVERTISEMENT
The New Crusading Guide Online

The New Crusading Guide is a privately own newspaper in Ghana with Mr ABdul Malik Kweku Baako as its Editor in Chief. We give you the latest news

Follow us on social media:

Recent News

  • New Juaben Installs New Chief Amidst Litigation
  • ‘New Sheriffs’ For GJA Take Over … Journalists Support Fund Tops Albert Dwumfour’s Agenda
  • Judgement Debt Looms Over Stalled Decommissioning Of Oil Rig -INSTEPR Warns
  • Rahman’s 10 Million Fraud! MY LIPS ARE SEALED 
  • “All SET FOR APPIATSE COMMUNITY RECONSTRUCTION TO BEGIN”- LANDS MINISTER

Special Links

  • Submit article
  • Advertise
  • My LiStingGh
    • Your News

Quick Links

  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About
  • About
  • Advertise
  • Careers
  • Privacy & Policy
  • Contact
  • About

© 2022 The New Crusading Online - All rights Reserved. Powered by Uthink.

No Result
View All Result
  • Home
  • Politics
  • Science
  • News
  • World
  • Business
  • National
  • Sports
  • Entertainment
  • Lifestyle
  • Travel
  • Opinion
  • Tech

© 2022 The New Crusading Online - All rights Reserved. Powered by Uthink.

Welcome Back!

OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
x Logo: Shield Security
This Site Is Protected By
Shield Security →