Companies prepare for Trump tariffs by ditching China
1 min read
Photo credit: Hispanolistic via Getty Images. Article by Sam Klebanov. Morning Brew – November 8, 2024.
As President-elect Trump prepares to move into 1600 Pennsylvania Ave., some companies are already shifting production out of China in anticipation of his campaign promises about massive tariffs becoming reality. Shoe retailer Steve Madden said Thursday that it would reduce its China-made products by 40%–45% and shift production to countries such as Vietnam and Cambodia. […]
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