Fashion stakeholders are bracing for potential tariffs on imported goods, especially from China and Vietnam, as proposed by President Trump. Vietnam, now a key supplier for the apparel industry, faces scrutiny due to its trade relationship with the U.S. Analysts warn that increased tariffs could significantly impact brands like Nike and Allbirds, which rely heavily on Vietnamese production. The heightened focus on trade deficits may lead to new tariffs, complicating supply chains and raising consumer prices, ultimately affecting sales and profits in the industry.

Source: https://www.supplychaindive.com/news/fashion-industry-vietnam-tariff-risks/742433/