2 April 2025
US tariffs on Vietnam would be a blow to Nike and other sportswear brands
Nike faces potential setback as President Trump prepares to announce new tariffs Wednesday, with Vietnam a likely target. The sportswear giant produces 50% of its footwear and 28% of apparel in Vietnam, putting it at risk during an already challenging sales period. Average US tariffs on Vietnamese footwear currently stand at 13.6%. Other brands heavily reliant on Vietnam include Adidas, Lululemon, and On, which sources 90% of its shoes from the country.READ FULL