FOR IMMEDIATE RELEASE: SFIA Urges Trump Administration to Avoid Escalation of “Trade War”

Sports and Fitness products so far not included in proposed tariff increases

SILVER SPRING, MD (June 19, 2018) — On Monday, President Trump announced his intent to impose an additional $200 billion in tariffs on goods manufactured in China. This action would follow major tariff increases already imposed upon Chinese-made products earlier this year. SFIA issued the following statement:

“SFIA urges President Trump to reconsider the situation and avoid increasingly dangerous tariff hikes, which will inevitably hurt American consumers and families. We believe all parties need to step back from the brink of a destabilizing and dangerous trade war, and return to the negotiating table to address the important challenges presented by a complex global economy,” states Tom Cove, SFIA CEO and President. “While SFIA is grateful that current lists of products targeted for steep tariff increases do not include footwear, apparel, sports equipment and fitness products, the strain of explosive tariff threats back and forth strikes at the foundation of our economy. This situation will have a negative impact on U.S. jobs and businesses and consumer spending. The bottom line is: Everyone loses in a trade war.”