Clothing and footwear have so far been excluded, drawing a sigh of relief from US retailers who had feared higher costs for American consumers. China pushed back on Wednesday, vowing to impose retaliatory tariffs.
Dean joins Under Armour from General Motors where he led the Global Advanced Design organization and served as Chief Designer for the Hummer. He will be based out of the company's Baltimore headquarters.
Doug McMillon, CEO of Wal-Mart, was among the heads of U.S. companies who met with President Donald Trump at the White House on Friday, a meeting which revealed the dividing line between businesses over import taxes.
Business leaders in Davos, traditionally the high priests of globalisation, are talking up the benefits of local production this week to shield themselves from criticism from incoming U.S. President Donald Trump.
Jeff Bezos may be holding a Trump card in the U.S. retail-store slump. Amazon's American Apparel bid could show the president-elect suspicious of Silicon Valley that he's saving thousands of working-class U.S. jobs.