The sweeping trade tariffs announced by U.S. President Donald Trump would reduce economic growth in the Netherlands by a percentage point through 2026, Dutch economic policy adviser CPB said on Thursday.

A trade association representing footwear producers has asked the Trump administration to consider tariff exemptions for its products, saying the levies will drive up the cost of shoes in the US and cause businesses to shutter.

With seemingly little solution to their supply-chain issues, a trade group made up of prominent footwear brands, including Nike, adidas and Sketchers, made a plea to President Donald Trump for tariff relief this week.