Adidas says Vietnam is its largest sourcing country, with 42% of volume coming from there. In 2018, it did about 18% of volume in China, down 1% from 2017 levels, according to SEC filings.
According to Priest, it's discount retailers like Walmart that remain particularly dependent on China for footwear production. "Ten percent [tariffs are] going to create a lot of pain, particularly for companies that serve low-cost customers." Meanwhile, another impact of the new tariffs could be more footwear businesses going under. The sector has already been having a rough ride.but it filed for bankruptcy in February
With the exception of Ivanka Trump's Chimese child sweatshop shoes that will be exempt.
🍎Yes, shoes industry brace for a hit in China! People of China kneels down and implores CCP! 中国人民跪求共产党! 泛亚交易所
Who cares?
The industry will be quick to adapt and make them in the US or in other countries just like they did when they located in China. That is SOP
Thanks to Trump
Don’t worry China will pay not us.👺🤡👹
Opportunity to make them in the US.
You hadn’t heard CNBC? China is manipulating its currency and like magic, little to no impact to shoe prices.
Because everone in the. U.S. is dreaming of and is very proud & excited about wearing shoes made in China that now are priced in line with shoes made in Italy, Brazil or even here
Buy New Balance
Haha, Good.
Is the U S incapable of making the same cheap China crap? Why do we buy crap from China and give them the MADE IN THE USA good stuff
Good. Made in america needs to mean something again. All this profits over principals stuff needs to end
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Source: latimes - 🏆 11. / 82 Read more »