Skip to main content
  • Home
  • About
  • Faculty Experts
  • For The Media
  • Videos
  • Topics
    • Alumni
    • Events
    • Faculty
    • Library
    • Research
    • Students
    • All Topics
  • Contact
  • Submit
Media Tip Sheets
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • |
  • Alumni
  • The Peel
  • Athletics
Sections
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • |
  • Alumni
  • The Peel
  • Athletics
  • Home
  • About
  • Faculty Experts
  • For The Media
  • Videos
  • Topics
    • Alumni
    • Events
    • Faculty
    • Library
    • Research
    • Students
    • All Topics
  • Contact
  • Submit
Media Tip Sheets

Small Businesses, Footwear Companies To Be Hit Hard With Tariff Hike

Thursday, May 23, 2019, By Daryl Lovell
Share
Martin J. Whitman School of ManagementRetailTariffsTrade War

Next week, China is expected to raise tariffs on $60 billion worth of U.S. goods and products, following Pres. Trump’s decision to raise duties on Chinese goods. Which sectors of the retail industry are likely to feel the pinch the most?

Ray Wimer is an assistant professor of retail practice at Syracuse University’s Martin J. Whitman School of Management. He says small businesses and retailers that heavily rely on Chinese production, like footwear companies, are likely to be hardest hit.

Wimer says:

“If a trade agreement doesn’t come to pass, it will hurt U.S. retailers and consumers.

“The retailers that would be hardest hit are those that are heavily exposed to their production in China – think most footwear as a prime example. I know retailers have been trying to diversify their production and supply chain away from China but it is still heavily depended on Chinese manufacturing.

“The tariff costs can’t be absorbed in total by retailers themselves, so retailers will have to pass some of the cost on to the consumer. The question is how much of increased cost will be passed along.

“Finally, the biggest issue I think are the small businesses in the U.S. that may be driven out of business with the higher tariffs, especially in how long they will remain in effect.”

 

To request interviews or get more information:

Daryl Lovell
Media Relations Manager
Division of Communications and Marketing

T 315.443.1184   M 315.380.0206
dalovell@syr.edu | @DarylLovell
news.syr.edu | syracuse.edu

Syracuse University

  • Author
  • Faculty Experts

Daryl Lovell

  • Ray Wimer

  • Recent
  • Graduate Student Works With Food Policy Council to Combat Rising Food Scarcity Due to COVID
    Monday, March 8, 2021, By Brandon Dyer
  • Online Master of Social Work Opens Doors to Career Changers, Working Professionals
    Monday, March 8, 2021, By Ellen de Graffenreid
  • Turning Gratitude Into Opportunity
    Friday, March 5, 2021, By Dan Bernardi
  • University Selected to Host Hult Prize Regional Competition
    Friday, March 5, 2021, By Cristina Hatem
  • Message From Chancellor Kent Syverud
    Thursday, March 4, 2021, By News Staff

More In Media Tip Sheets

Amazon Union Efforts Part of Bigger Conversation of Racial, Economic Reckoning Facing US

Nearly 6,000 workers at an Amazon fulfillment center in Bessemer, AL are voting this month on whether they want to join the Retail, Wholesale and Department Store Union. It could be the first Amazon warehouse union in the country. Lynne…

Texas Power Grids, Extreme Weather and Changing Climate

The recent winter storm that led to massive power outages in several states including Texas, Mississippi and Kentucky has raised lots of questions with climate scientists and researchers who study electricity infrastructure. Is this linked to global warming, what may…

Poetry and the Super Bowl: two moments that need the other

This Sunday, Amanda Gorman will be the first poet to read an original work before the Super Bowl. Gorman, the youth poet laureate who recited her poem “The Hill We Climb” at the presidential inauguration last month, will be sharing…

Justice Delayed Is Justice Denied

The news media are powerful players in the world of government transparency and public accountability. One important tool for ensuring public accountability is through invoking transparency mandates provided by the Freedom of Information Act (FOIA). In 2020, news organizations and…

Reversal of Transgender Military Ban Is an Important Moment

This month, Pres. Biden repealed a Trump-era ban on transgender people serving in the U.S. military. “It is my conviction as Commander in Chief of the Armed Forces that gender identity should not be a bar to military service,” read…

Subscribe to SU Today

If you need help with your subscription, contact sunews@syr.edu.

Connect With Us

  • Facebook
  • @SyracuseUNews
  • Youtube
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn
  • @SyracuseU
  • @SyracuseUNews
  • @SUCampus
  • Social Media Directory
  • Accessibility
  • Privacy
  • Campus Status
  • Syracuse.edu
© 2021 Syracuse University News. All Rights Reserved.