Trump's massive 46% Vietnam tariffs pummel Nike, American Eagle and Wayfair
Publishing timestamp: 2025-04-02 21:22:26
Summary
A new 46% tariff on Vietnam could raise costs for major corporations in apparel, furniture, and toy space, potentially leading to price hikes for consumers. Companies like Nike, American Eagle, Wayfair, Deckers, and Hasbro saw their shares plunge as they rely on Vietnam for manufacturing to avoid U.S.-China trade tensions. The tariffs could impact various industries and companies are considering strategies to mitigate the effects.
Sentiment: NEGATIVE
Tickers: NKE, FNKO, DECK, HAS, AEO, VFC, SHOO, ADS-DE, MAT, W,
Keywords: vietnam, business, donald j. trump, retail industry, breaking news: business, business news, donald trump, united states, vf corp, wayfair inc, hasbro inc, adidas ag, funko inc, china, nike inc, mattel inc, american eagle outfitters inc, deckers outdoor corp,