Due to tariff threats from Donald Trump, both Adidas and Madden are facing price pressure and are reassessing sourcing strategies regarding China, with Madden moving production to Brazil.
1 report, 1 independent
Updated Jul 31
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What happened
Due to tariff threats from Donald Trump, both Adidas and Madden are facing price pressure and are reassessing sourcing strategies regarding China, with Madden moving production to Brazil.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Steve Madden acquired Kurt Geiger, which sources 80% of its assortment from China, prompting Madden to move production out of China to mitigate tariff risks.Sub-event
Adidas and Madden face tariff headwinds from Trump regarding their sourcing strategies in China.1 source
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The entities involved
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Madden
Norwegian musician
Nothing else this week.
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
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Adidas AG
German multinational corporation
Related events
- Trump's tariff policies are affecting domestic manufacturers like Deere & Company due to the economic battle with China.
- Trump threatened to impose high tariffs on goods imported from China.
- Trump administration raises tariffs, leading to a trade war with China, which retaliates with matching tariff increases and economic decline.
- Trump imposed tariffs on auto imports while Chinese brands compete with Japanese automakers.
- Trump imposed tariffs on Canada, leading to retaliation, while China shifted buyers and the Iran war caused supply disruptions.
Coverage
Newest first; wire copies grouped- Footwear NewsTariff Headwinds Are Getting Real for Shoe Firms — And It’s Just the Beginning Despite the talk about the parameters for trade deals, footwear firms largely remain in the dark as they scramble to adj