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U.S. Retailers Exposed to Vietnam Are Getting Crushed. That’s Nike, Lululemon, and More.
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U.S. footwear and apparel companies, such as Nike, Lululemon, and Gap were getting crushed early Thursday. Blame high tariffs on Vietnam, Indonesia and Cambodia. Vietnam and Cambodia were the two countries worst hit by President Donald Trump’s reciprocal levies–46% and 49% rates, respectively.
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