U.S. Treasury Secretary Scott Bessent Richard Rodriguez/Getty Images Global tariffs for shoe firms are going up by another five percent, and they could happen as early as this week. That was the word from U.S. Treasury Secretary Scott Bessent in an interview Wednesday with CNBC. He also said that U.S. tariff rates are likely to […]
US President Donald Trump speaks during a press conference at the White House on February 20, 2026. Anadolu via Getty Images U.S. President Donald Trump is already planning new tariffs to replace the ones the U.S. Supreme Court struck down on Friday. Friday’s Supreme Court ruling found that Trump overstepped his authority to impose double-digit […]
U.S. President Donald Trump holding up a chart of “reciprocal tariffs” while speaking during a “Make America Wealthy Again” trade announcement in the Rose Garden at the White House on April 2 in Washington, D.C. Chip Somodevilla/Getty Images The U.S. Supreme Court on Friday ruled that U.S. President Donald Trump‘s sweeping tariffs were illegal because […]
U.S. President Donald Trump holding up a chart of “reciprocal tariffs” while speaking during a “Make America Wealthy Again” trade announcement in the Rose Garden at the White House on April 2 in Washington, D.C. Chip Somodevilla/Getty Images With all eyes on the Supreme Court ahead of its potential tariff ruling, the situation remains an […]
A shoe factory in Bogor, West Java, Indonesia, in April 2025. Adriana Adie/Nur Photo via Getty Images U.S. President Donald Trump‘s increase in trade pressures has resulted in a new deal with Indonesia, the first since he sent out the flurry of tariff letters last week. Trump revealed the move Tuesday morning on his Truth […]
Secretary of State Marco Rubio, U.S. President Donald Trump, Defense Secretary Pete Hegseth, and Central Intelligence Agency Director John Ratcliffe, attend a dinner with Israeli Prime Minister Benjamin Netanyahu in the Blue Room of the White House on July 7, 2025, in Washington, DC. Andrew Harnik/Getty Images The U.S. and India are still hoping to […]
Nike Inc. is one of many footwear firms that signed a letter asking for an exemption for footwear from tariffs under the Trump administration. Lauren DeCicca/Getty Images The footwear industry is making sure its voice is heard in Washington. The Footwear Distributors and Retailers of America (FDRA), along with more than 80 leading U.S. footwear […]
Runners in the Cracovia Marathon in Krakow, Poland on April 6, 2025. Jakub Porzycki/NurPhoto via Getty Images The volatility of the global trading landscape, with U.S. President Donald Trump imposing and pausing tariffs on most nations, has made the ability for retailers and brands to commit to a plan seemingly impossible. However, when it comes […]
A Nike store in Ho Chi Minh City, Vietnam. Thanh Hue / Getty Images Vietnamese officials are scrambling to reach a truce with President Donald Trump ahead of the April 9 rollout of staggering double-digit duties on exports to the U.S. market—and the president has indicated he’s willing to play ball. Following Trump’s reciprocal tariffs […]
Dick’s has navigated several rounds of tariff changes during the prior Trump administration. CREDIT: Getty Images Dick’s Sporting Goods is the latest retailer to publicly sound off about its strategy to deal with potential new tariffs. In a Tuesday call with analysts discussing the company’s third quarter results, Dick’s chief financial officer Navdeep Gupta addressed […]