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Trade war

Nike, Adidas and peers call China tariffs 'catastrophic'

170 companies say in open letter move will cost consumers $7 billion a year

Nike shoes are seen on display in New York. A group of footwear makers said Monday that American consumers will be footing the bill for additional tariffs on China exports.   © Reuters

NEW YORK -- A group of 170 footwear makers and retailers, including Nike, Adidas, Clarks, Crocs, Reebok, and Skechers, jointly sent an open letter Monday to U.S. President Donald Trump calling on him to remove footwear from the proposed next round of tariffs on $300 billion of Chinese exports.

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