• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Multi-Billion Dollar Shoe Company Speeds Up Shifting Production Out Of China Following Trump Victory

Multi-Billion Dollar Shoe Company Speeds Up Shifting Production Out Of China Following Trump Victory

November 7, 2024
2 Firefighters Dead, Law Enforcement Facing Active Shooter In Idaho Wildfire Attack

2 Firefighters Dead, Law Enforcement Facing Active Shooter In Idaho Wildfire Attack

June 29, 2025
Senate GOP Slashes Spending In ‘Big, Beautiful’ Bill As Fiscal Hawks Push For More Cuts

Senate GOP Slashes Spending In ‘Big, Beautiful’ Bill As Fiscal Hawks Push For More Cuts

June 29, 2025
NORMAN R. SEIP And DANIEL CHRISTMAN: Fair Use Or Failure: The Future Of Us-Led AI

NORMAN R. SEIP And DANIEL CHRISTMAN: Fair Use Or Failure: The Future Of Us-Led AI

June 29, 2025
Dem Senator Can’t Bring Himself To Give Trump Any Credit For Record-Low Border Numbers

Dem Senator Can’t Bring Himself To Give Trump Any Credit For Record-Low Border Numbers

June 29, 2025
Thom Tillis Announces Retirement Hours After Trump Threatened To Field Primary Challenger

Thom Tillis Announces Retirement Hours After Trump Threatened To Field Primary Challenger

June 29, 2025
STEVE MILLOY: John Thune Needs To Do Something About Obama-Era Parliamentarian Kneecapping Trump’s Megabill

STEVE MILLOY: John Thune Needs To Do Something About Obama-Era Parliamentarian Kneecapping Trump’s Megabill

June 29, 2025
Dems’ NYC Socialist Nominee Ducks And Weaves When Asked To Condemn Term Calling For Killing Jews

Dems’ NYC Socialist Nominee Ducks And Weaves When Asked To Condemn Term Calling For Killing Jews

June 29, 2025
‘A Radical Left Lunatic’: Trump Has Warning For NYC If Dems’ Socialist Nominee Pulls Any Stunts

‘A Radical Left Lunatic’: Trump Has Warning For NYC If Dems’ Socialist Nominee Pulls Any Stunts

June 29, 2025
EXCLUSIVE: Ted Cruz Fears Attempt To Scrap Provision In Trump’s Megabill Would Hand ‘Gift’ To China

EXCLUSIVE: Ted Cruz Fears Attempt To Scrap Provision In Trump’s Megabill Would Hand ‘Gift’ To China

June 29, 2025
NPR Caught Straight Up Misquoting DOGE Staffer

NPR Caught Straight Up Misquoting DOGE Staffer

June 29, 2025
Two GOP Senators Vote ‘No’ As Trump’s Megabill Clears Critical Hurdle

Two GOP Senators Vote ‘No’ As Trump’s Megabill Clears Critical Hurdle

June 28, 2025
‘Outright Massacre’: Senate GOP Takes Sledgehammer To Biden’s Green Energy Subsidies

‘Outright Massacre’: Senate GOP Takes Sledgehammer To Biden’s Green Energy Subsidies

June 28, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Monday, June 30, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

Multi-Billion Dollar Shoe Company Speeds Up Shifting Production Out Of China Following Trump Victory

by Daily Caller News Foundation
November 7, 2024 at 3:51 pm
in News, Wire
237 15
0
Multi-Billion Dollar Shoe Company Speeds Up Shifting Production Out Of China Following Trump Victory
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

Steven Madden said Thursday that it is accelerating plans to shift production out of China in anticipation of President-elect Donald Trump introducing increased tariffs on imported goods when he returns to office, according to Bloomberg.

The New York-based retailer said in a company earnings call Thursday that it is now planning to reduce products manufactured in China by 40% within the next year, according to Bloomberg. The company had previously set a target of a 10% reduction within the next year, according to Bloomberg.

“As of yesterday morning, we are putting that plan into motion,” Steve Madden CEO Edward Rosenfeld told analysts on an earnings call Thursday, Bloomberg reported.

Trump beat Vice President Kamala Harris in his bid for reelection, securing 270 electoral votes by about 2 a.m. EST on Wednesday following his winning in the key battleground states of North Carolina, Pennsylvania and Georgia. The U.S. stock market soared Wednesday following the Republican’s victory.

The president-elect previously proposed increasing tariffs on various imported goods, including saying in September that he would impose a 200% tariff on John Deere’s tractors if it closed an American factory and moved production outside of the U.S. to Mexico.

Trump has also promised to enact policies aimed at accelerating domestic production throughout his presidential campaign, including announcing in October that he would make interest on car loans fully tax deductible to boost domestic auto manufacturing and lower the cost of car ownership.

The president-elect introduced various tariffs during his previous administration, including enacting tariffs on steel and aluminum in 2018. Many of these tariffs drastically raised the price of incoming goods from China.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: businessDCNFU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th