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 imposed tariffs on auto imports while Chinese brands compete with Japanese automakers.
- Trump administration implements a new trade strategy, potentially applying new tariffs to India and China.
- Trump's tariffs are pressuring Nike and other companies to diversify supply chains away from China toward Southeast Asian nations like Vietnam and Indonesia.
- Trump imposed tariffs on Canada, leading to retaliation, while China shifted buyers and the Iran war caused supply disruptions.
- Trump hiked tariffs on Chinese goods, while Karoline Leavitt faced scrutiny over a Chinese-made dress.
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