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USA TODAY |
Prices of Nike Jordan and Adidas Samba sneakers are likely to rise in the United States after President Donald Trump imposed a raft of new tariffs on key manufacturers of sportswear and apparel includ...
Reuters |
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...
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The president’s statement helped boost shares in apparel brands Nike, Lululemon, and American Eagle — all of which have major operations in the country.
Trump’s new tariffs are forcing U.S. apparel and shoe makers to scour the world for new places to manufacture.
Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China.
Nike shares are tumbling 13% in intraday trading Thursday after President Donald Trump imposed steep reciprocal tariffs on Vietnam and other Asian countries where the sneaker giant makes most of its products.
The world’s largest footwear and apparel companies are facing a shock to their supply chains after President Donald Trump announced new tariffs on Vietnam and other critical production hubs.
Trump's tariffs will impact how much you pay for your clothing and shoes. See ways you can save even with the rising costs.