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President Trump said Friday he had a “productive call” with a top Vietnamese official, adding that the Communist Southeast Asian nation “wants to cut their Tariffs down to ZERO” pending a free trade ...
From New York Post
Prices of Nike Jordan and Adidas Samba sneakers are likely to rise in the U.S. after President Donald Trump imposed a raft of new tariffs on Vietnam, China, and Indonesia, key manufacturers of sportsw...
From Reuters
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Trump’s new tariffs are forcing U.S. apparel and shoe makers to scour the world for new places to manufacture.
Those looking to pick up a pair of the brand’s Air Jordan 1 High sneakers could shell out an extra $18 on top of their current $180 price tag after the new tariff goes into effect April 9, industry sources told The Post. Some of Nike’s other popular sneakers could also spike by between $15 and $35, according to a Footwear News report.
US-based giants like Apple, Nike and Amazon have so far suffered some of the biggest falls in terms of their share price and market value with investors reacting to fears of potential price rises and a slowdown of consumer spending.
Trump unveiled plans to impose a 46 percent duty on Vietnamese imports, triggering alarm among US businesses dependent on the country’s low-cost manufacturing. The tariffs, set to take effect April 9,
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