Columbia Sportswear CEO: New tariffs would be ‘disaster for the American economy’ BY Marianne Wilson August 2, 2019 Get all the latest industry news in your inbox.
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"You have to keep moving things around," said CEO Robert D’Loren. Trump launched the world’s biggest trade war since the 1930s by imposing tariffs on $250 billion. Over the past five years,
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· China’s announcement Friday that it was raising tariffs on $75 billion in U.S. imports sent Trump into a rage and White House aides scrambling for a response.. officer of Columbia Sportswear.
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She joined columbia sportswear company in June 2008 as Deputy General Counsel. Prior to Columbia Sportswear Company, she served as corporate secretary and chief governance officer at Northwest Natural Gas (Nasdaq:NWN) from 2002 to 2008, and was an attorney at the Portland, Oregon law offices of Stoel Rives LLP from 1997 to 2002.
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Tim Boyle, president and chief executive officer of Columbia Sportswear Company, claims the new tariffs will be a “disaster” for U.S. manufacturers across all levels. “If tariffs are imposed, Columbia Sportswear Company – along with many other manufacturers in our industry – will be forced to raise prices on our products.
By Eric Smith. President Trump’s claim that increased tariffs on foreign goods have resulted in an improved business climate for U.S. companies has been widely rejected by representatives of the outdoor, sporting goods and active lifestyle industries who are growing louder in their opposition to the administration’s escalating trade war.
Even without the emergency threat, Trump’s retaliatory action Friday – further raising tariffs on Chinese exports to the U.S. – had already sparked widespread outrage from the business community.
PORTLAND, Ore. – August 1, 2019 – From Tim Boyle, President and CEO of Columbia Sportswear Company: "President Trump announced today via Twitter that he plans to raise tariffs on imported goods from China beginning September 1, 2019. If that happens, it will be a disaster for the American economy, employers and consumers.
China presents both a risk (tariffs) and an opportunity (growth) for Columbia Sportswear. On the tariffs front. and as such we remain committed to investing in that business to ensure long-term.