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Footwear giants Nike and Adidas among many companies urging Trump to end trade war

Footwear giants Nike and Adidas among many companies urging Trump to end trade war
Photo: Getty Images

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.

Source: BBC

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