The cost of your shoes could jump thanks to the US-China trade war

The cost of your sneakers or high heels could soon jump, thanks to another round of tariffs under consideration by the Trump administration as part of an ongoing trade war with China. The list includes footwear — everything from sneakers to sandals, golf shoes, rain boots and ski shoes. Should the tariff increase ultimately take effect, analysts say consumers would feel the brunt of the impact. FDRA said a popular type of canvas “skate” sneaker, currently retailing at $49.99, with a 25% tariff,


The cost of your sneakers or high heels could soon jump, thanks to another round of tariffs under consideration by the Trump administration as part of an ongoing trade war with China. The list includes footwear — everything from sneakers to sandals, golf shoes, rain boots and ski shoes. Should the tariff increase ultimately take effect, analysts say consumers would feel the brunt of the impact. FDRA said a popular type of canvas “skate” sneaker, currently retailing at $49.99, with a 25% tariff,
The cost of your shoes could jump thanks to the US-China trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: lauren thomas
Keywords: news, cnbc, companies, war, footwear, billion, jump, shoes, increase, trade, thanks, tariff, cost, tariffs, 25, china, working, uschina


The cost of your shoes could jump thanks to the US-China trade war

The cost of your sneakers or high heels could soon jump, thanks to another round of tariffs under consideration by the Trump administration as part of an ongoing trade war with China.

The White House on Monday released a fresh list of about $300 billion in Chinese goods that could get hit with 25% tariffs, if President Donald Trump decides to move forward with his threat. The list includes footwear — everything from sneakers to sandals, golf shoes, rain boots and ski shoes.

Should the tariff increase ultimately take effect, analysts say consumers would feel the brunt of the impact. And the American footwear industry is particularly dependent on China.

In 2017, China accounted for about 72% of all footwear imported into the U.S., according to the American Apparel and Footwear Association. The U.S. imported $11.4 billion worth of footwear from China last year, according to data from the U.S. Census Bureau.

“While brands have moved their production into other countries in Asia because labor costs are lower there, everybody is still making shoes in China,” said Matt Powell, a sports analyst for NPD Group. “The Chinese have years of expertise. They tend to be the best at making high-value product.”

Both Nike and Adidas — the top two sneaker makers in the U.S. by sales — have steadily been easing their reliance on China, shifting production to Vietnam instead. Both companies declined to comment when reached by CNBC.

Puma has said it’s working to do more of the same. But China still dominates when it comes to footwear manufacturing.

“For a lot of working families who buy shoes at Walmart, Target and these other retailers … a ton of volume runs through [China], ” said Matt Priest, the president and CEO of the Footwear Distributors and Retailers of America, a trade organization. The proposed tariffs on footwear “are concerning to say the least,” he said. “It’s every single type of shoe.”

FDRA said a popular type of canvas “skate” sneaker, currently retailing at $49.99, with a 25% tariff, could increase to $65.57. The price of a typical hunting boot would increase from $190 to $248.56. And a popular performance running shoe could jump from $150 to $206.25, FDRA said.

Ultimately, a 25% tariff on footwear could cost shoppers more than $7 billion each year, Priest said — what he called a “conservative” estimate.

— CNBC’s Jessica Golden contributed to this reporting.

WATCH: Cramer explains which businesses have the most exposure to the trade war


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: lauren thomas
Keywords: news, cnbc, companies, war, footwear, billion, jump, shoes, increase, trade, thanks, tariff, cost, tariffs, 25, china, working, uschina


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Apple would need to raise iPhone prices significantly to offset next tariffs, analysts say

If President Donald Trump decides to slap tariffs on the remaining billions of dollars worth of Chinese goods, Apple may need to raise iPhone prices significantly to offset the higher costs of parts, according to Wall Street analysts. The bank broke down the costs of making and selling the iPhone XS with no tariffs, which is about $1,000, versus what it would cost if a 25% tariff hits China-made parts. Moving iPhone production exclusively to America is an option for Apple, Bank of America Merril


If President Donald Trump decides to slap tariffs on the remaining billions of dollars worth of Chinese goods, Apple may need to raise iPhone prices significantly to offset the higher costs of parts, according to Wall Street analysts. The bank broke down the costs of making and selling the iPhone XS with no tariffs, which is about $1,000, versus what it would cost if a 25% tariff hits China-made parts. Moving iPhone production exclusively to America is an option for Apple, Bank of America Merril
Apple would need to raise iPhone prices significantly to offset next tariffs, analysts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, worth, analysts, need, offset, price, apple, tariff, raise, say, america, cost, tariffs, costs, bank, prices, iphone, significantly


Apple would need to raise iPhone prices significantly to offset next tariffs, analysts say

If President Donald Trump decides to slap tariffs on the remaining billions of dollars worth of Chinese goods, Apple may need to raise iPhone prices significantly to offset the higher costs of parts, according to Wall Street analysts.

“We estimate a price increase of around 14% is required to absorb the impact of a 25% tariff, keeping margin dollars for all players in the supply chain constant,” J.P. Morgan said in a note to clients Tuesday.

The bank broke down the costs of making and selling the iPhone XS with no tariffs, which is about $1,000, versus what it would cost if a 25% tariff hits China-made parts. That would take the iPhone’s retail price up to $1,142, the firm calculates.

Although Trump has not decided to slap tariffs on an additional $300 billion worth of Chinese goods, the Office of the U.S. Trade Representative formally began the approval process on Monday. The earliest the new tariffs could go into place would be June 24.

Moving iPhone production exclusively to America is an option for Apple, Bank of America Merrill Lynch said Tuesday. The bank estimates a 20% price increase to the iPhone if 100% of the phone is manufactured in the U.S.

“We estimate the incremental cost of manufacturing iPhones in the U.S. could be 15-25%, and, if passed on to consumers could lead to demand destruction, in our view,” the Bank of America said in a note.

But J.P. Morgan said Apple is more likely to absorb the cost of tariffs and take a hit on its earnings rather than raise the price of the phone. The bank estimates a total iPhone gross margin decrease of 4% if Apple doesn’t pass the tariff costs on to customers.

Apple’s stock is down more than 11% since the start of the trade war on May 2.

— With reporting by Michael Bloom.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, worth, analysts, need, offset, price, apple, tariff, raise, say, america, cost, tariffs, costs, bank, prices, iphone, significantly


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Cersei Lannister has one major leadership flaw that could cost her the Iron Throne

Cersei Lannister has one major leadership flaw that could cost her the Iron Throne5 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Bruce Craven, author of “Win or Die: Leadership Secrets from Game of Thrones” has watched all episodes of the hit HBO show three times, read the novels twice and studied the characters’ strengths and weaknesses. He believes


Cersei Lannister has one major leadership flaw that could cost her the Iron Throne5 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Bruce Craven, author of “Win or Die: Leadership Secrets from Game of Thrones” has watched all episodes of the hit HBO show three times, read the novels twice and studied the characters’ strengths and weaknesses. He believes
Cersei Lannister has one major leadership flaw that could cost her the Iron Throne Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10
Keywords: news, cnbc, companies, flash, leadership, cost, enabled, lannister, major, iron, browser, throne, flaw, cersei, weaknesses, win


Cersei Lannister has one major leadership flaw that could cost her the Iron Throne

Cersei Lannister has one major leadership flaw that could cost her the Iron Throne

5 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Bruce Craven, author of “Win or Die: Leadership Secrets from Game of Thrones” has watched all episodes of the hit HBO show three times, read the novels twice and studied the characters’ strengths and weaknesses. He believes that Cersei Lannister has some redeeming qualities as a leader, but she also has one major flaw.


Company: cnbc, Activity: cnbc, Date: 2019-05-10
Keywords: news, cnbc, companies, flash, leadership, cost, enabled, lannister, major, iron, browser, throne, flaw, cersei, weaknesses, win


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Wealth manager: Here’s how to make sure college is worth the cost

Wealth manager: Here’s how to make sure college is worth the cost6 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. “If anyone tells you, ‘you don’t need to get a college degree,’ absolutely ignore that advice,” says wealth manager Peter Mallouk. “The greatest separation between you and your wealth is having a college degree.”


Wealth manager: Here’s how to make sure college is worth the cost6 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. “If anyone tells you, ‘you don’t need to get a college degree,’ absolutely ignore that advice,” says wealth manager Peter Mallouk. “The greatest separation between you and your wealth is having a college degree.”
Wealth manager: Here’s how to make sure college is worth the cost Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10
Keywords: news, cnbc, companies, flash, need, degree, worth, cost, enabled, view, browser, wealth, heres, college, sure, manager


Wealth manager: Here's how to make sure college is worth the cost

Wealth manager: Here’s how to make sure college is worth the cost

6 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

“If anyone tells you, ‘you don’t need to get a college degree,’ absolutely ignore that advice,” says wealth manager Peter Mallouk. “The greatest separation between you and your wealth is having a college degree.”


Company: cnbc, Activity: cnbc, Date: 2019-05-10
Keywords: news, cnbc, companies, flash, need, degree, worth, cost, enabled, view, browser, wealth, heres, college, sure, manager


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Living in one of these cities means you could pay your student debt off quicker, study says

Student debt can become a big burden for young adults in the U.S., with a third of college graduates saying their degree wasn’t worth the debt. But a new study has claimed graduates can pay off their student loans in as little as four years — if they live in the right place. The research from personal finance advisors GoBankingRates analyzed the cost of living and median salaries for recent college graduates in 100 U.S. cities, weighing the data against the average student loan balance in each i


Student debt can become a big burden for young adults in the U.S., with a third of college graduates saying their degree wasn’t worth the debt. But a new study has claimed graduates can pay off their student loans in as little as four years — if they live in the right place. The research from personal finance advisors GoBankingRates analyzed the cost of living and median salaries for recent college graduates in 100 U.S. cities, weighing the data against the average student loan balance in each i
Living in one of these cities means you could pay your student debt off quicker, study says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: chloe taylor, steve debenport, getty images
Keywords: news, cnbc, companies, debt, study, quicker, living, college, worth, means, werent, weighing, pay, young, graduates, cost, cities, student


Living in one of these cities means you could pay your student debt off quicker, study says

Student debt can become a big burden for young adults in the U.S., with a third of college graduates saying their degree wasn’t worth the debt.

But a new study has claimed graduates can pay off their student loans in as little as four years — if they live in the right place.

The research from personal finance advisors GoBankingRates analyzed the cost of living and median salaries for recent college graduates in 100 U.S. cities, weighing the data against the average student loan balance in each individual city.

Published Tuesday, the findings showed that the best cities weren’t necessarily those where grads made the most money, or where the cost of living was the lowest.


Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: chloe taylor, steve debenport, getty images
Keywords: news, cnbc, companies, debt, study, quicker, living, college, worth, means, werent, weighing, pay, young, graduates, cost, cities, student


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Your mutual fund may have a political bias — and that could cost you

But you probably never thought that could apply to the mutual fund you’re invested in due to political bias. The researchers set out to evaluate whether mutual fund managers tend to put more money into companies that are led by executives that share their political ideologies or party affiliations. “There is a consistent pattern that fund managers are likely to invest more in firms with leadership that have ideology that’s similar to theirs,” Xi said. The research looked at the managers of 1,298


But you probably never thought that could apply to the mutual fund you’re invested in due to political bias. The researchers set out to evaluate whether mutual fund managers tend to put more money into companies that are led by executives that share their political ideologies or party affiliations. “There is a consistent pattern that fund managers are likely to invest more in firms with leadership that have ideology that’s similar to theirs,” Xi said. The research looked at the managers of 1,298
Your mutual fund may have a political bias — and that could cost you Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: lorie konish, mark stoeckle, ceo of adams funds
Keywords: news, cnbc, companies, managers, bias, cost, xi, professor, finance, executives, mutual, probably, fund, research, political


Your mutual fund may have a political bias — and that could cost you

You’ve probably heard the saying “Birds of a feather flock together.”

But you probably never thought that could apply to the mutual fund you’re invested in due to political bias.

Yet that is exactly what research from Dr. Yaoyi Xi, assistant professor of finance at San Diego State University’s Fowler College of Business, and Dr. M. Babajide Wintoki, associate professor of finance at the University of Kansas School of Business, found.

The researchers set out to evaluate whether mutual fund managers tend to put more money into companies that are led by executives that share their political ideologies or party affiliations.

And the answer to that question, in soon to be published research, is yes.

“There is a consistent pattern that fund managers are likely to invest more in firms with leadership that have ideology that’s similar to theirs,” Xi said.

The research looked at the managers of 1,298 actively managed mutual funds, as well as executives of 16,655 companies.

They then compared how those individuals donated to political campaigns from 1990 through 2016, based on data from the Center for Responsive Politics. That data was used to determine the fund managers’ and executives’ political leanings based on their net donations.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: lorie konish, mark stoeckle, ceo of adams funds
Keywords: news, cnbc, companies, managers, bias, cost, xi, professor, finance, executives, mutual, probably, fund, research, political


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Koch network slams $2 trillion infrastructure cost agreement between Trump and top Democrats

The libertarian political network funded by billionaire Charles Koch on Tuesday is not happy with the $2 trillion infrastructure price tag agreed upon by President Donald Trump, House Speaker Nancy Pelosi and Chuck Schumer, the top Democrat in the Senate. In a statement first given to CNBC, Americans for Prosperity, one of the key groups in the influential Koch network, ripped the idea of spending that much on infrastructure and instead urged leaders to focus on cutting regulations. “If Congress


The libertarian political network funded by billionaire Charles Koch on Tuesday is not happy with the $2 trillion infrastructure price tag agreed upon by President Donald Trump, House Speaker Nancy Pelosi and Chuck Schumer, the top Democrat in the Senate. In a statement first given to CNBC, Americans for Prosperity, one of the key groups in the influential Koch network, ripped the idea of spending that much on infrastructure and instead urged leaders to focus on cutting regulations. “If Congress
Koch network slams $2 trillion infrastructure cost agreement between Trump and top Democrats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: brian schwartz
Keywords: news, cnbc, companies, americans, washington, wants, slams, trump, wasting, instead, cost, agreement, urged, democrats, infrastructure, network, trillion, koch


Koch network slams $2 trillion infrastructure cost agreement between Trump and top Democrats

The libertarian political network funded by billionaire Charles Koch on Tuesday is not happy with the $2 trillion infrastructure price tag agreed upon by President Donald Trump, House Speaker Nancy Pelosi and Chuck Schumer, the top Democrat in the Senate.

In a statement first given to CNBC, Americans for Prosperity, one of the key groups in the influential Koch network, ripped the idea of spending that much on infrastructure and instead urged leaders to focus on cutting regulations.

“If Congress wants to find money to modernize our roads and bridges, we encourage them to look to their own pockets – Americans have been filling them up for years,” Americans for Prosperity’s head of government affairs Brent Gardner said. “Instead of proposing a $2 trillion catch-all ‘infrastructure’ bill and asking hard-working Americans to fund it by paying more at the pump, Washington lawmakers should cut the red tape and stop wasting the tax dollars we give them.”


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: brian schwartz
Keywords: news, cnbc, companies, americans, washington, wants, slams, trump, wasting, instead, cost, agreement, urged, democrats, infrastructure, network, trillion, koch


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Not being financially literate could cost you a bundle

You don’t know what you don’t know. Scrambling to pay bills or struggling with credit card debt is just the tip of the iceberg. Can you manage your own finances successfully if you don’t understand the relationship between bond prices and interest rates? Ric Edelman, founder of Edelman Financial Engines, says the answer isn’t that clear-cut. “Yes, your actions matter more than your attitude,” Edelman said.


You don’t know what you don’t know. Scrambling to pay bills or struggling with credit card debt is just the tip of the iceberg. Can you manage your own finances successfully if you don’t understand the relationship between bond prices and interest rates? Ric Edelman, founder of Edelman Financial Engines, says the answer isn’t that clear-cut. “Yes, your actions matter more than your attitude,” Edelman said.
Not being financially literate could cost you a bundle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: jill cornfield, martin-dm, getty images, -ric edelman, founder of edelman financial engines
Keywords: news, cnbc, companies, dont, edelman, bundle, actions, tip, attitude, financial, cost, financially, successfully, struggling, literate, thats, understand


Not being financially literate could cost you a bundle

You don’t know what you don’t know.

And that’s the whole problem with financial literacy. Scrambling to pay bills or struggling with credit card debt is just the tip of the iceberg.

Can you manage your own finances successfully if you don’t understand the relationship between bond prices and interest rates?

Ric Edelman, founder of Edelman Financial Engines, says the answer isn’t that clear-cut.

“Yes, your actions matter more than your attitude,” Edelman said. “But your attitude often colors your actions.”


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: jill cornfield, martin-dm, getty images, -ric edelman, founder of edelman financial engines
Keywords: news, cnbc, companies, dont, edelman, bundle, actions, tip, attitude, financial, cost, financially, successfully, struggling, literate, thats, understand


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The first 5G phone will cost $1,300 on Verizon

Verizon on Thursday announced that it will begin to sell the Galaxy S10 5G on May 16 for $1,300. It’s the first phone with 5G included that Verizon will sell. It follows the Motorola Z3, which supports 5G, but requires a separate accessory that adds the functionality to the phone. The Samsung Galaxy S10 5G is a larger version of the Galaxy S10 that Samsung launched earlier this year. Verizon will sell two models including the $1,300 option as well as a $1,400 version with twice the storage.


Verizon on Thursday announced that it will begin to sell the Galaxy S10 5G on May 16 for $1,300. It’s the first phone with 5G included that Verizon will sell. It follows the Motorola Z3, which supports 5G, but requires a separate accessory that adds the functionality to the phone. The Samsung Galaxy S10 5G is a larger version of the Galaxy S10 that Samsung launched earlier this year. Verizon will sell two models including the $1,300 option as well as a $1,400 version with twice the storage.
The first 5G phone will cost $1,300 on Verizon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: todd haselton, patrick t fallon, bloomberg, getty images, benjamin hall
Keywords: news, cnbc, companies, sell, including, city, phone, cost, galaxy, samsung, verizon, 1300, 5g, s10, version


The first 5G phone will cost $1,300 on Verizon

Verizon on Thursday announced that it will begin to sell the Galaxy S10 5G on May 16 for $1,300. It’s the first phone with 5G included that Verizon will sell. It follows the Motorola Z3, which supports 5G, but requires a separate accessory that adds the functionality to the phone.

The Samsung Galaxy S10 5G is a larger version of the Galaxy S10 that Samsung launched earlier this year. Verizon will sell two models including the $1,300 option as well as a $1,400 version with twice the storage. The phone will also launch on AT&T, Sprint and T-Mobile later this year.

Verizon also said it will activate 5G in 20 new markets this year including Atlanta, Boston, Charlotte, Cincinnati, Cleveland, Columbus, Dallas, Des Moines, Denver, Detroit, Houston, Indianapolis, Kansas City, Little Rock, Memphis, Phoenix, Providence, San Diego, Salt Lake City and Washington DC.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: todd haselton, patrick t fallon, bloomberg, getty images, benjamin hall
Keywords: news, cnbc, companies, sell, including, city, phone, cost, galaxy, samsung, verizon, 1300, 5g, s10, version


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These are the 5 fastest production cars in the world right now — that cost up to $3.2 million

Several luxury automakers debuted cars with speeds up to 300 miles per hour at New York Auto Show in April 2019. Among others there’s the Koenigsegg’s Jesko, which has a top speed of 300 miles per hour and will debut in 2020. One hundred and twenty-five cars will be produced, and they have already sold out for around $3 million each, according to Motor Authority. And the Rimac C2 has a top speed of 258 miles per hour and costs around $2.1 million. Until these cars hit the streets, take a look at


Several luxury automakers debuted cars with speeds up to 300 miles per hour at New York Auto Show in April 2019. Among others there’s the Koenigsegg’s Jesko, which has a top speed of 300 miles per hour and will debut in 2020. One hundred and twenty-five cars will be produced, and they have already sold out for around $3 million each, according to Motor Authority. And the Rimac C2 has a top speed of 258 miles per hour and costs around $2.1 million. Until these cars hit the streets, take a look at
These are the 5 fastest production cars in the world right now — that cost up to $3.2 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: jimmy im, michael cole, corbis sport, getty images, source
Keywords: news, cnbc, companies, right, production, twentyfive, world, cost, fastest, million, cars, hour, 300, theyre, 32, speed, york, miles


These are the 5 fastest production cars in the world right now — that cost up to $3.2 million

Several luxury automakers debuted cars with speeds up to 300 miles per hour at New York Auto Show in April 2019.

Among others there’s the Koenigsegg’s Jesko, which has a top speed of 300 miles per hour and will debut in 2020. One hundred and twenty-five cars will be produced, and they have already sold out for around $3 million each, according to Motor Authority. And the Rimac C2 has a top speed of 258 miles per hour and costs around $2.1 million. It will have a limited production run of 150 cars, to be delivered in 2020.

Until these cars hit the streets, take a look at the top five fastest production cars out there now — that means they’re street legal and were offered for sale to the public.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: jimmy im, michael cole, corbis sport, getty images, source
Keywords: news, cnbc, companies, right, production, twentyfive, world, cost, fastest, million, cars, hour, 300, theyre, 32, speed, york, miles


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