Will be Sneaker Prices Go Higher Under Trump Presidency?

#johnbarrymiller - Will be Sneaker Prices Go Higher Under Trump Presidency?

Donald Trump, a president-elect pledged to renegotiate US international trade deals and it may costly affect US sneaker market.

Tougher restrictions on China, which accounted for 66% of U.S. footwear imports in 2014, and on Vietnam, another key trade market, would keep sneaker prices high and could dissuade consumers from buying new pairs. That’s bad news for companies like Nike (NKE) and Under Armour (UA), whose stock prices have plunged considerably in 2016 amid industrywide headwinds.

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Image credit: Pexels

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