Steve Madden to slash China sourcing by as much as 45% as Trump's tariff plan looms
Publishing timestamp: 2024-11-07 16:28:54
Summary
Steve Madden plans to reduce goods imported from China by up to 45% over the next year in anticipation of potential tariffs from President-elect Donald Trump. Other retailers and brands are also diversifying their sourcing to mitigate tariff risks, labor shortages, and supply chain disruptions. Trump's proposed tariffs could drive up prices for U.S. consumers and impact companies' production strategies.
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