Consumer

Companies Are Already Exiting China to Escape Trump’s Tariffs

Trump has threatened to slap 60% tariff on goods made in China
Makers of shoes, cat litter, appliances are weighing risks

WATCH: The US and China are locked in a battle for tech supremacy, and it’s set to be a major challenge for Donald Trump. Source: Bloomberg

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By Jeannette Neumann and Leslie Patton

November 7, 2024 at 9:23 AM EST

Updated on

November 7, 2024 at 12:34 PM EST

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Steven Madden Ltd. is accelerating plans to shift production out of China after Donald Trump’s victory in the US presidential election raised the odds of increased tariffs on imported goods.