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Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair

By Ilene
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File: workers at the Maxport factory, which makes activewear for various textile clothing brands, in Hanoi. Nhac Nguyen | Afp | Getty Images

Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair

By Melissa Repko and Gabrielle Fonrouge, CNBC 

Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China.

For years, China’s southern neighbor became a popular alternative for companies trying to avoid the crossfire of U.S. trade tensions with Beijing. Now, as President Donald Trump expands his tariff targets, they can no longer steer clear.

Trump said he will put a 46% duty on imports from Vietnam as part of a new wave of global levies announced Wednesday.

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