For 3G Capital, which has made more than $20 billion on Burger King, Trump’s tariffs presented a rare opportunity to spear a big fish at a discount price.

Skechers is being acquired for $9 billion and taken private by the investment firm by 3G Capital. The board of Skechers unanimously approved the deal, the companies said Monday. The offer of $63 per share represents a premium of 30% to Skechers’ 15-day volume-weighted average stock price,

Skechers derives about two-thirds of its revenue from international markets, with China accounting for approximately 15 per cent, according to data from FactSet