Steven Madden to slash sourcing from China on tariff worries under Trump

Steven Madden executives said Thursday the shoe maker was working quickly to shift product sourcing out of China to other countries after Donald Trump's presidential election victory. In February, Trump said if he came to power, he would impose tariffs on China again, which could exceed 60%, putting a lot of strain on retail companies that heavily rely on imports from the region. Steven Madden executives said on a post earnings call the company had already been working on the potential scenario that would l ...