- 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.
2 reports, 0 independent
Updated Jun 28
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What happened
Trump tariffs caused a $1 billion hit to Nike, leading to warnings of higher prices and inflation concerns as companies adjust sourcing from China.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Analyst firms like Morgan Stanley and Evercore ISI are cautioning on Nike's outlook, citing revenue troughs and price increases.Sub-event
- 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.Sub-event
- The Trump administration reached a trade deal with China, leading Nike to reduce U.S. imports of China-produced products.Sub-event
- Nike and Adidas face financial hits and price increases due to Trump tariffs on China imports.
Keep exploring
Part of
Trump's tariffs are pressuring Nike and other companies to diversify supply chains away from China toward Southeast Asian nations like Vietnam and Indonesia.Also in this story
- Yue Yuen is shifting production of major shoe brands from China to Vietnam and Cambodia due to tariff pressures.
- Trump set tariffs on goods from China at 30%, later reaching a deal that left the tariff at 20%.
- Nike is shifting manufacturing away from China to Vietnam, utilizing new trade deals to ease tariff concerns.
- ZIM has significant exposure to China, and Chinese-built ships are utilized in U.S. port calls, involving global trade partners like United Parcel Service.
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
Nothing else this week.
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Nike
American athletic equipment company
Related events
Coverage
Newest first; wire copies grouped- Unknown outlet
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