Steve Madden: Tariffs Are Hurting American Businesses

Steve Madden, the renowned footwear designer, recently voiced his strong criticism of tariffs during an interview on the "The Cutting Room Floor Podcast." Madden argued that tariffs don't achieve their intended goals and instead harm American businesses. "They fundamentally do not understand what they're doing," he stated, referring to government policies. He cited specific examples of how tariffs increased shoe prices and led to job losses in his company. He also highlighted the creation of jobs in other sectors, indirectly linked to the trade with China, which, according to Madden, are "many better jobs." Madden's perspective provides a valuable counterpoint to the often-stated benefits of tariffs, offering a real-world example of their negative consequences. His words underscore the need for a more nuanced understanding of trade policies and their impact on American businesses and workers.