The Steross Market and Investing Thread

Nike Stock Tumbles as US Tariffs Hit Asian Suppliers
  • Nike shares are tumbling 12% in premarket trading after President Donald Trump imposed steep reciprocal tariffs on Vietnam and other Asian countries where the sneaker giant makes most of its products.
  • The U.S. imposed a 46% tariff on imports from Vietnam, which manufactured about half of Nike's footwear in fiscal 2024.
  • Morgan Stanley recently wrote that investors are underappreciating the potential impact of tariffs on Vietnam.
 
Clothing and Shoe companies are getting ROCKED right now since the are mostly supplied by Asian Suppliers

Also getting rocket are Home Furnishing Suppliers who rely on Asian Imports. RH at one point was down almost 50% today and 3/4 of their Luxury Home goods are sourced from Asia

1743689276113.png
 
You must log in or register to reply here.
Back
Top