Wolverine World Wide, Nike likely to keep paying price for U.S.-China tech war

China 2799 Cons. Discr. - Apparel 426 Cons. Discr. - Retailing 381 Tariffs 1728 U.S. 5005 Vietnam 322

U.S. Commerce Secretary Gina Raimondo has stated that the administration is “in the middle of the overall review of the China policy” with the aim to “compete in the long run with China” using “all the tools in my toolbox as aggressively as possible”. Section 301 tariffs on imports from China are therefore likely to stay in place for the foreseeable future. While U.S. imports from China rose by 49.5% year over year in February, the pandemic and lunar new year basis effect was the main driver, with shipments only up by 2.5% versus February 2019. Imports covered by section 301 duties fell ...

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