Trump's massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair [CNBC]
Wayfair Inc. Class A (W)
Last wayfair inc. class a earnings: 2/28 07:00 am
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Source: CNBC
The country became a popular alternative for companies trying to avoid the crossfire of U.S. trade tensions with Beijing. The duties will hit companies at a time when many consumers have become value-conscious and more selective about spending. File: workers at the Maxport factory, which makes activewear for various textile clothing brands, in Hanoi. Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China. For years, China's southern neighbor became a popular alternative for companies trying to avoid the crossfire of U.S. trade tensions with Beijing. Now, as President expands , they can no longer steer clear. Trump said he will put a 46% duty on imports from Vietnam as part of a new wave of global levies announced Wednesday. That could soon raise costs for major corporations in the apparel, furniture and toy space, and some of them may pass those increases to consumers in the form of price hi
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Sec Filings
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