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Steve Madden Cuts China Imports
Steve Madden to significantly reduce Chinese imports due to Trump's tariff threats.
English
United States
PoliticsUs PoliticsChinaTradeInternational TradeTariffsEconomicsRetail
Steve MaddenNational Retail FederationTrade Partnership Worldwide Llc
Donald TrumpEdward Rosenfeld
- What is Steve Madden's plan regarding goods imported from China?
- Steve Madden plans to reduce its imports from China by up to 45% in response to President Trump's proposed tariffs.
- What steps has Steve Madden taken to prepare for potential tariffs?
- The company has been developing a factory network in Cambodia, Vietnam, Mexico, and Brazil for several years to mitigate the impact of potential tariffs.
- What is the National Retail Federation's stance on Trump's proposed tariffs?
- The National Retail Federation criticized Trump's proposed tariffs, citing a study that predicted significant reductions in consumer spending power.
- What is Steve Madden's goal concerning the percentage of its business subject to tariffs on Chinese goods?
- Steve Madden's CEO, Edward Rosenfeld, stated that the company aims to have only about a quarter of its business subject to tariffs on Chinese goods.
- What are the projected economic impacts of the proposed tariffs according to a study mentioned in the text?
- The study by Trade Partnership Worldwide LLC estimated that tariffs on six product categories could reduce consumer spending by $46 billion to $78 billion annually.