From Our Special Desk: Eastern Chronicle 24×7, The 1st April,2025.
- Nike, Adidas & Other Rivals of Sportswear heavily rely and depends on Vietnam production.
- More than Half of Nike products, footwear made from Vietnam, for rest of the World.
- U.S.Tariffs may force price hike, slow-down production.
Nike, the World’s renowned company of Sportswear & as well as footwear company soon may face a blow on it’s efforts to revive brands and reverse to decline it’s sales. As U.S.Tariffs on imports on Vietnam, which imports Sportswear & Footwear into U.S.
On Wednesday, U.S. President Donald Trump is expected to announce which Countries and Products, he will target with a New round of Tariffs imposes, aimed at encouraging the Domestic Production & coaxing the Other Nations to Buy more U.S. Goods.
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Vietnam, which runs a 123.5 billions U.S. Dollars Trade surplus with the United States of America, which is a prime target.
Nike Produce it’s more than 50% of footwear and 28%of apparels in Vietnam in it’s 2024 financial year, according to it’s Annual Reports.
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Where, it’s rival Adidas, slightly less exposed. Adidas relying on Vietnam for 39% of footwear & 18% of Apparels.
While Vietnam has became a World Hub for high-tech running Shoes, Sportswear & Outdoor apparels, as a brand.