Despite all of the talk about impeachment and the Mueller report, there is something more important going on that is not hitting the media as much as it should be. Trump’s trade war with China is having a dramatic effect already on certain markets. The FDRA estimates that Trump’s tariffs can cost consumers $7 Billion a year.
"This significant tax increase, in the form of tariffs, would impact every type of shoe and every single segment of our society," an FDRA letter signed by the 170 companies said, adding that the tariffs would ask "the American consumer to foot the bill."
Over 170 shoe companies such as Nike and Footlocker- warned Trump his Tariffs on China would be "catastrophic."
Running shoes may go from $150 to $206.25 and hunting boots may go from $180 to 248.56
per CBS NEWS.
Victor Jarome Morrow