Quotes
Products are not made in one place,
Martinetto says
European designers could end up selling mostly in Europe,
he saysJust had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the US,
Trump said on Truth Social
Air Force 1s, which currently cost $115, and other Nike shoes are predicted to go up in price after Trump’s tariffs on China and Vietnam.”
Another predicted rising costs
Nintendo stock jumped after Trump announced on Truth Social that he had spoken with Vietnam about making a deal on tariffs.”
One notedSince Vietnam already has low tariffs on us and already buys very little from us, getting their tariffs on us down to 0 is a drop in the bucket compared to Trump’s enormous tariffs.” ... I predict 25% chance President Trump announces pause on Vietnam tariffs before close of market today (65% by end of next week) in respect for Vietnam's good faith suggestion of going to zero tariffs.”
A third user dismissed the gesture, saying ... Meanwhile, one user speculatedThe 32 percent really came as a surprise and I think our government was caught off guard,
said Jason Hsu, senior fellow at the Hudson Institute think-tank and a former legislator in Taiwan for the opposition Kuomintang party
It is dangerous for everyone to have the most powerful country in the world going back to isolationism and trying to tame (a) China that is inevitably going to take over its world leadership position,
he addedVietnam has proven its ability to play the geopolitical game very skillfully,
said Johannes Loefstrand, a portfolio manager at T. Rowe Price, in an interview with Reuters
If tariffs are extended there, then Nike's got a problem,
said Morningstar analyst David Swartz, according to ReutersWe're all kind of nervous about Vietnam,
Nasim Fussell, senior vice president at the lobbying firm Lot Sixteen, said at a recent industry event ... according to Fashion DiveWe are deeply disappointed by the Trump Administration’s decision to impose new tariffs on all imports,
the trade group United States Fashion Industry Association said in a statement
More tariffs equal more anxiety and uncertainty for American businesses and consumers,
said David French, executive vice president of government relations for the National Retail Federation, in a statement after the announcementWe will pry open foreign markets and break down foreign trade barriers, and ultimately, more production at home will mean stronger competition and lower prices for consumers,
the US president said in his addressTariffs are a tax paid by the US importer that will be passed along to the end consumer,
said David French, executive vice president of government relations at the National Retail Federation
Shifting supply chains is not an option given performance footwear requires a very specific skill set and factories,
said Poonam Goyal, an analyst at Bloomberg IntelligenceThe impact of the Trump tariffs [on] company profits and cashflows depends to a large degree upon how long the duties stay in place and the company and industry in question,
Russ Mould, investment director at AJ Bell, told CNBC by email
I can't eat or sleep well because I keep worrying about losing my job,
said 38-year-old Cao Thi Dieu, a worker at a factory in Ho Chi Minh City that makes shoes for brands such as Nike and Adidas
Especially in the textile industry, we did not anticipate (this). I thought that since Vietnam is a smaller country, the US would not impose such (high) tariffs,
said TungMost manufacturers are not here to game the system,
said Martin