NEW YORK (Bloomberg): Nike, Adidas and other footwear giants urged President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would be "catastrophic for our consumers, our companies and the American economy as a whole".
In all, 173 companies signed an open letter to the President, dated Monday (May 20) and posted on the industry trade association's website. It was also sent to Treasury Secretary Steve Mnuchin, Commerce Secretary Wilbur Ross and National Economic Council director Larry Kudlow.
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