Trump’s Tariff Tsunami Against Asia Snares Samsung and Nike

Levies rose to 46% on Vietnam, a vital location for the likes of Apple and Nike.
Photographer: David Paul Morris/Bloomberg

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By Katia Dmitrieva and James Mayger

April 3, 2025 at 8:22 AM UTC

Updated on

April 4, 2025 at 6:52 AM UTC

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Companies globally have been quietly shifting production to avoid the tariffs President Donald Trump slapped on China during Trade War 1.0. Now, the president’s “Liberation Day” levies are skewering that strategy.