New Balance Joins In Anti Trump Tariff Policy

Following Nike, ADI and other 173 Sports brand After joining the book, another sports brand joined the anti Trump tariff. Local time on June 16th, according to CNN reports, New Balance also joined the ranks of the protesters. They were supporters of Trump's tariff policy, and now stand up against Trump's more tariffs on China.

According to CNN, Goleman Balance, vice president of global affairs at New Balance, recently sent a letter to the US trade representative office: "the proposed fourth round of tariffs will endanger our company's overall financial health, thereby limiting our ability to maintain production and re investment in the US factories." Goleman also said in the letter: "punitive tariffs on shoes and socks imported from China will not promote these important goals, and will only threaten our ability to continue manufacturing and investing in the shoe and socks factories in the United States".

New Balance has claimed that it is the only one that can produce about 4000000 pairs in the US within a year. Gym shoes The main companies. The company currently has 5 plants in the new England region, and is expected to open new plants next year. The problem is that companies need to import parts and components from the United States, such as upper, which are not yet produced. Sole and Insole 。

CNN commented that New Balance2016 also expressed support for Trump's tough tariff policy and declared that "things are moving in the right direction". Now it stands up against it. This is just an example of the fact that American companies are now laying the supply chain globally. Under such circumstances, Trump's protectionist trade policy can not bring manufacturing back to the United States. It is too difficult and impossible to achieve the tariff policy they claim to be "just hitting China, not hurting the interests of American enterprises, workers and consumers".

On June 17th, the US trade representative's office will hold a public hearing to discuss whether it will impose tariffs on Chinese products valued at about $300 billion.