Shoe company Steve Madden plans to slash Chinese imports by 45% over the next year

Donald Trump has pledged to place tariffs on imports from China as high as 60% .

Steve Madden announced it would slash imports by 45% over the next year .

Trump has been outspoken about his tough attitude toward China .

A 60% tariff on Chinese imports could reduce China ’s exports by $200 billion , a former economist claimed.