Trump Urged to Reconsider 'Catastrophic' Tariffs on Footwear

The video discusses the challenges faced by the American footwear industry due to a $3 billion duty bill and potential increases in import costs. Sam Poser Suske, a Hannah analyst, shares insights on the industry's response, including a letter from major brands and the upcoming G20 meeting. The discussion also covers Steve Madden's market strategy, given its reliance on Chinese imports, and the potential impact on Nike, including the possibility of consumer boycotts. The video concludes with a focus on the industry's united stance against the duty increases.

What is the annual duty bill faced by the footwear industry?

How does the cost of importing shoes affect American consumers?

Discuss the significance of the G20 meeting in relation to the footwear industry.

What strategies might companies like Steve Madden employ to cope with increased duties?

What are the potential consequences of a 25% duty on footwear imports?