Vietnam 46% Tariff Raises Costs

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tariffs

CNBC

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World

Trump's massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair

Summary

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82% Informative

A 46% tariff on Vietnam could soon raise costs for major corporations in the apparel, furniture and toy space.

Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China .

The country became a popular alternative for companies trying to avoid the crossfire of U.S. trade tensions with Beijing .

In 2023 , 26.5% of U.S. furniture imports came from Vietnam , close behind the 29% coming from China .

Toymakers have also leaned on Vietnam to make more merchandise that's imported and sold to kids and adults across the U. Both companies say they're monitoring the evolving trade landscape.

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formal

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English

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