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-0.000596540067607756 0.00258500695963417 0.000198846689202727 -0.0137204215549811 -0.0121296480413601 -0.0121296480413601 -0.0121296480413601 -0.0121296480413601
Stock impact report

Clothing retailers to pump brakes on orders, hiring due to tariffs [FOX Business Network]

V.F. Corporation (VFC) 
Last v.f. corporation earnings: 1/23 06:55 am Check Earnings Report
US:NYSE Investor Relations: ir.vfc.com
President Donald Trump's tariffs pushed some American clothing and accessory retailers to pump the brakes on orders and hiring. Smaller sellers of clothing and shoes without massive supply chains rely on Vietnam and China for products, Reuters reported. Vietnam and China, both major producers of apparel and footwear, were among the slew of countries that were hit by tariffs that the Trump administration unveiled last week. Those tariffs included a baseline levy of 10% on imported goods and "individualized reciprocal higher" tariffs on certain nations, according to the White House. Though Trump Wednesday announced a 90-day pause on some tariffs, he is continuing to escalate with China, saying he will hit them for a 125% tariff on imports. They came into force not long after that, with Vietnam receiving a 46% levy on its imports into the U.S. Day Owl CEO Ian Rosenberger told Reuters that his backpack company, which produces its products in Vietnam, has paused future orders. H Show less Read more
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