US Tariffs Hit Shoemakers: Vietnam's Impact
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New US tariffs on athletic shoes manufactured in Vietnam, imposed by President Trump, are significantly impacting major brands like Nike and Adidas. These tariffs, adding to existing duties, are forcing companies to consider price increases or relocating manufacturing, a process taking 18-24 months. Alternatives like Mexico, Brazil, or Turkey are being explored, but the shift will be costly and time-consuming. The impact includes potential price hikes for consumers and a reshuffling of the global footwear market.
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