Nike and Adidas Are Getting Trampled by Trump Tariffs Targeting Vietnam
Over the past few years, the world’s largest sneaker companies have increasingly expanded their sourcing footprint in countries like Vietnam to diversify production outside of China. But with the Trump administration’s “Liberation Day” tariffs taking aim at manufacturing hubs across Southeast Asia,
The president’s statement helped boost shares in apparel brands Nike, Lululemon, and American Eagle — all of which have major ...
Having taken the hint from Washington and moved production out of China to Viet Nam, apparel and athletic goods makers are ...
Shares of Nike tumbled 13 percent ... Sri Lanka and Indonesia. Germany’s Adidas slumped nearly 12 percent. Vietnam is its largest sourcing country, accounting for 27 percent of the firm ...
The sneaker, dubbed “Untitled,” features a mesh and leather upper, a chunky twisted midsole, and seven color design that ...
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