{ }
Symbol SHOO
Name Steven Madden, Ltd.
Currency USD
Sector Consumer Discretionary
IndustryGroup Consumer Durables & Apparel
Industry Textiles, Apparel & Luxury Goods
Market NASDAQ Global Select
Country United States
State NY
City Long Island City
Zipcode 11104
Website http://www.stevemadden.com
During a meeting at the APEC Summit in Lima, Xi Jinping urged President Biden to maintain stable U.S.-China relations, emphasizing the importance of cooperation amid concerns over the incoming Trump administration's protectionist policies. Biden highlighted the significance of candid dialogue to prevent miscalculations and conflict, while also pressing Xi to influence North Korea's actions amid rising tensions. The leaders discussed various issues, including China's support for Russia and cybersecurity threats, as they navigated a complex geopolitical landscape.
Following Donald Trump's election victory, U.S. companies are urgently seeking lobbyists to navigate potential tariff increases, particularly on imports from China. With proposed tariffs reaching up to 60%, businesses are stockpiling goods and exploring production shifts to mitigate costs, while small firms face significant challenges in adapting. The uncertainty surrounding exemptions and the impact on the economy has prompted widespread concern among industry leaders and economists.
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