Consumer
Sneaker, Clothing Makers Sink on Tariffs Leaving Nowhere to Hide
Today, about 39% of Adidas shoes are made in Vietnam, according to regulatory filings.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
In President Donald Trump’s first term, apparel and footwear makers shifted manufacturing out of China to avoid tariffs. Now they’re being pummeled as Trump targets the same nations they moved to.
A tariff of 46% on goods from Vietnam is particularly painful for companies such as Nike Inc., Adidas AG and Lululemon Athletica Inc., which produce significant amounts of merchandise in the country. Levies of 49% on Cambodia and more than 30% on Indonesia and Thailand are also problematic. Trump says the tariffs will push companies to relocate manufacturing to the US.