Trump has been saying that his proposed tariffs will bring jobs back to the US. Not so fast…
Shoe Company Steve Madden Getting Out Of China
So, all those shoes will now be made in the US, right?
HAHAHAHAHAHA!!!!
Boru
Shoe Company Steve Madden Getting Out Of China
Quote:Steve Madden, a $3 billion shoe company, announced Thursday that it would rapidly halve its Chinese production to avoid Trump’s tariffs. Those plans have been in place for a long time, in anticipation of a Trump victory, according to Steve Madden’s CEO Edward Rosenfeld.
So, all those shoes will now be made in the US, right?
Quote:The point of tariffs, in theory, is to incentivize US manufacturing by making imported goods comparatively more expensive to made-in-the-USA stuff. But here’s the catch: Steve Madden isn’t moving its production to the United States. It said it will be sourcing its goods from Cambodia, Vietnam, Mexico, Brazil and some other countries.
HAHAHAHAHAHA!!!!
Boru
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