‘Significant tax increase’: Shoe exec warns Trump tariffs will hurt working parents

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‘Significant tax increase’: Shoe exec warns Trump tariffs will hurt working parents
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Deer Stags was among 173 shoe companies that signed a letter opposing proposed tariffs on goods imported from China.

Any American who has made his or her way down the shoe section of a Walmart or Target has probably stumbled across a pair of Deer Stags.

"Think of the average family of four with two working parents, or with a single mom who has to buy her boys’ shoes, on average, three to four pairs a season twice a year because they grow through their shoes,” Muskat said. "This significant tax increase, in the form of tariffs, would impact every type of shoe and every single segment of our society,” the letter stated. Deer Stags also signed the letter.

Muskat says that the reason why 100% of Deer Stag shoes are manufactured in China is because of necessity. He tells Yahoo Finance that all of the input and raw materials that go into Deer Stags are not readily available in any other shoe manufacturing country outside of China.

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