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
Yea right, like trumps tariffs are about fairness. He has no idea what he's doing.
No big deal for sneakers there is Vietnam Taiwan and Malaysia. For good leather shoes you can count on Italy.
thegarance What if Michael Jordan, Philip Knight, and all their Nike endorsement tools would invest in shoe factories in the US.
That’s because American businesses were too greedy! How could you produce 70% of shoes from one country?
TheWarMonitor Good. Maybe the these companies will bring the manufacturering back to the United States.
Trump is giving shoe credits on taxes, but only to 500k and higher earners!
Shoes already have duties to even the playing field for USA manufacturers. Today zero significant shoe manufacturers exist in the US. The government has been putting this revenue in the treasury for more than eighty years. AOC
it’s ok, we can buy Nike. just move Nike's factory back to the US. Hello people, do we like Nike? YES, WE ALL DO!
Trump doesn't care that he is screwing over the American consumer. He is too busy promoting hate and violence.
Good, nobody needs $100.00 sneekers that cost $5.00 to manufacture
Well, it's new opportunity for local businesses. Every negative things have something positive one.
Well, then make less profit & pay more for American labor! Do you need to pay the CEOs ten of millions just to exploit cheap sweat shop labor? It's too easy for them! These fat cats better find other ways to reduce cost & control price instead of passing on the tariffs to us!
Let us remember why... Americans wanting cheap things and compaines not wanting to pay American workers.
Why ? Because instead of 15 per hour they make 15 per day.
thegarance Not mine!
There should be more stories about how wayyy too much of everything is made in China.
If only China had better trade regulations this could be avoided.
Lol who cares. Maybe they shouldn't of sold us bad steel for 50 years.
Tarriffs. Ends. In. FFS!
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