In all, 173 companies signed an open letter to the President, dated Monday (May 20) and posted on the industry trade association's website. "Your proposal to add tariffs on all imports from China is asking the American consumer to foot the bill. The US President has repeatedly stated that China would pay the tariffs - something his critics say is misleading or wrong. "We don't make enough to absorb that," said Michael Jeppesen, president of global operations for Wolverine World Wide, which also signed the letter. Nike, for example, made 26 per cent of its apparel and 26 per cent of its footwear in China in fiscal 2018.

Source: The Star May 21, 2019 05:26 UTC