- The industry trend of importers shifting manufacturing bases from China to Vietnam and India is being analyzed in light of Donald Trump's tariffs, with input from Capital Economics.
- 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 tariffs caused a $1 billion hit to Nike, leading to warnings of higher prices and inflation concerns as companies adjust sourcing from China.
Tariffs imposed by the Trump administration are causing major apparel companies like Nike and Adidas to shift production away from China and seek tariff exemptions.
1 report, 0 independent
Updated Jun 27
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What happened
Tariffs imposed by the Trump administration are causing major apparel companies like Nike and Adidas to shift production away from China and seek tariff exemptions.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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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
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Nike
American athletic equipment company
Related events
- Trump threatened to impose high tariffs on goods imported from China.
- Companies are seeking alternative markets as tariffs imposed by the US are raising costs for US businesses, involving China.
- Trump's tariff policies are affecting domestic manufacturers like Deere & Company due to the economic battle with China.
- Howard Lutnick handles trade talks with Canada while the Commerce Department competes with China technologically.
- Trump imposed tariffs on auto imports while Chinese brands compete with Japanese automakers.
Coverage
Newest first; wire copies grouped- Unknown outlet