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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
The companies may not be able to fully offset these tariffs as countering the impact of the levies on Vietnam alone would require price increases of 10% to 12%, according UBS analysts.
From Reuters
Nike stock was down nearly 13% Thursday morning on the news.
From Yahoo! Sports

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Nike, Lululemon Rebound as Trump Touts Call With Vietnam Leader
Lululemon Athletica Inc., soared Friday after President Donald Trump said Vietnam was willing to eliminate tariffs to avoid new US levies. Nike shares erased an earlier loss to gain 3%, while On Holding AG and Skechers USA Inc.
Trump says major Nike producer Vietnam wants to slash its tariffs ‘down to ZERO’ after ‘productive call’
The president’s statement helped boost shares in apparel brands Nike, Lululemon, and American Eagle — all of which have major operations in the country.
Nike Shares Tumble After Trump Puts 46% Tariff on Vietnam
Nike shares fell 6% after President Trump announced reciprocal tariffs of 46% on Vietnam, 32% on Indonesia and 34% on China. Suppliers in Vietnam, Indonesia and China make 95% of the sneaker company’s manufactured goods.
Sneaker and apparel retailers blindsided by tariffs on Asian factory hubs
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 including Vietnam and Indonesia.
Trump Shoes Nike, and Other Footwear Makers
Having taken the hint from Washington and moved production out of China to Viet Nam, apparel and athletic goods makers are blindsided by tariffs.
Manufacturers, retailers blindsided by tariffs on Asian garment hubs
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 sportswear and apparel.
How tariffs will impact sports merchandise, collectibles
The company produces 59% of its apparel in Vietnam, China and Cambodia, which were hit with tariffs of 46%, 34% and 49%, respectively. The company also produces half of its footwear in Vietnam and another 45% in China and Indonesia,
Nike, Wayfair, and Other Retail Stocks Rally on Possible Vietnam Tariff Deal
Shares of apparel and footwear makers were rallying Friday after President Donald Trump said Vietnam wanted to cut tariffs on the U.S., a move investors hope will lead to lower import tariffs for Vietnamese products.
Nike Tumbles 9% After Vietnam Slammed by 46% Tariffs
Shares of sneaker maker Nike tumbled 9% in after hours trading Wednesday following President Trump announcing the list of reciprocal tariffs he was imposing on U.S. trading partne
Nike and Lululemon Bet Big on Vietnam. They Bet Wrong.
Trump’s new tariffs are forcing U.S. apparel and shoe makers to scour the world for new places to manufacture.
U.S. Retailers Exposed to Vietnam Are Getting Crushed. That’s Nike, Lululemon, and More.
U.S. footwear and apparel companies, such as Nike, Lululemon, and Gap were getting crushed early Thursday. Blame high tariffs on Vietnam, Indonesia and Cambodia. Vietnam and Cambodia were the two countries worst hit by President Donald Trump’s reciprocal levies–46% and 49% rates,
Trump Reveals Vietnam Trade Talks As Nike Stock Rallies On Surprise Turnaround
Shares of clothing and footwear retailers are climbing Friday after President Donald Trump revealed that Vietnam is interested in negotiations to reduce tariffs.
Nike, Adidas sneaker prices surge in the US, triggered by tariffs on Vietnam and Indonesia
Top U.S. brands like Nike have spent years shifting away from Chinese factories, but the new tariffs now threaten Southeast Asian supplies.
Here’s how much more Nike’s Air Jordans could cost after tariffs hit
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.
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Why Nike shares are bucking the market trend with a 5% gain on Friday
Nike shares recovered on Friday after President Donald Trump suggested a possible agreement with Vietnam to reduce recently announced tariffs.
US tariffs on Vietnam would be a blow to Nike and other sportswear brands
Nike could soon face another blow in its effort to revive its brand and reverse a long decline in sales: U.S. tariffs on imports from Vietnam.
Why Nike Stock Plummeted 15% Earlier This Week -- but Is Now Rebounding
Now down 9% across the week, Nike initially declined on Thursday after the president's tariffs targeted three countries responsible for the majority of the company's manufacturing. Here's what happened earlier this week and why Nike's shares have rallied somewhat today.
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