Fred Katz: Tomas Satoransky has his first career triple…

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June 16, 2019 | 3:19 pm EDT Update
Because of salary cap rules, if the trade is consummated in late July, the Lakers would have the space to add another maximum contract. That cap space could be used on players like Kyrie Irving or Kemba Walker, all-star point guards who will be free agents. That scenario would require the Lakers to draft the fourth overall pick for the Pelicans, or whatever team has its rights by the time of the draft, then sign that player as quickly as possible. League rules do not allow a signed draft pick to be traded for 30 days, which would make July 20 the earliest date the trade could be consummated.
American sneaker company New Balance welcomed President Donald Trump’s tough trade stance in 2016 — but now the athletic footwear manufacturer is strongly opposing the President’s latest threat to expand tariffs on China. New Balance boasts that it’s the only major company to make more than four million pairs of athletic shoes a year domestically. It has five New England factories, with one more expected to open next year. The catch? It needs to import component parts from China that are no longer made in the United States.
7 mins ago via CNN
Shortly after Trump was elected, the company’s vice president of public affairs, Matt LeBretton, said that “things are going to move in the right direction” with Trump as president, adding that the Obama administration had “turned a deaf ear” to New Balance in regards to the Trans-Pacific Partnership. The comments sparked immediate outcry, and some customers burned their New Balance sneakers in protest over the comments. Trump withdrew from the massive free trade deal as one of his first acts as president.
7 mins ago via CNN
Footwear groups say that new tariffs won’t bring back the suppliers of uppers (the part around your foot), soles or inserts. The US footwear industry produces just 25 million pairs of shoes a year, while importing 2.5 billion, despite existing tariffs on foreign-made shoes and materials. “It will not happen. We’ve had high duty rates for 90 years and production still left,” said Matt Priest, president and CEO of the Footwear Distributors and Retailers of America, which has opposed Trump’s tariffs.
7 mins ago via CNN
June 16, 2019 | 2:50 pm EDT Update