President Donald Trump's new tariff policies are set to go into effect, including a 25% tariff on imports from Canada and Mexico, and a 10% tax on goods from China. These measures are expected to significantly impact various industries.
The footwear and sportswear sectors, which rely heavily on international supply chains, face considerable challenges due to these tariffs. Increased import costs could pressure profit margins for companies operating in these industries.
The imposition of these tariffs creates an environment of heightened cost uncertainty for manufacturers and retailers. Companies will need to assess strategies to mitigate the financial impact of these new trade barriers.
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