World Footwear

Trade

Columbia Sportswear reacts to Trump's announcement

Aug 2, 2019 United States
Columbia Sportswear reacts to Trump's announcement
Yesterday Tim Boyle, President & CEO of Columbia Sportswear Company, issued a statement commenting on the Trump Administration's Proposed Tariff increase on imported goods from China
“President Trump announced today via Twitter that he plans to raise tariffs on imported goods from China beginning the 1st of September 2019. If that happens, it will be a disaster for the American economy, employers and consumers. If tariffs are imposed, Columbia Sportswear Company – along with many other manufacturers in our industry – will be forced to raise prices on our products. This is a massive tax on employers and consumers, not on China. Footwear and apparel are some of the most highly taxed products in the United States. Herbert Hoover-era tariffs as high as 37.5% are already in place and are being paid by US consumers. With President Trump’s proposed 10% tax on goods manufactured in China, the American people will see almost half the cost of their shoes and clothing go to taxes. Furthermore, raising tariffs creates uncertainty, which makes it difficult for American business to make investments that can continue to grow the US economy. We’ve been fortunate to have a strong economy for the past decade. Let’s not tank the economy with the misguided conception that trade wars are fun”, Tim Boyle stated.


US-China trade war

The US-China trade war has been on the news for the last year. The most recent developments have been covered by the World Footwear. Read all about the trade war US-China HERE and to see how this is already impacting the footwear industry worldwide refer to the World Footwear Yearbook 2019 HERE.


Columbia Sportswear Company

Columbia Sportswear company assembles a portfolio of brands for active lives, making it a leader in the global active lifestyle apparel, footwear, accessories, and equipment industry. Founded in 1938 in Portland, Oregon, the company’s brands are today sold in approximately 90 countries. In addition to the Columbia brand, Columbia Sportswear Company also owns the Mountain Hardwear, SOREL and Prana brands.

Image credits: Asia Miles

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