U.S. President Donald Trump announced a trade agreement with Vietnam on July 2, 2025, which included the imposition of a 20% tariff on imports from the country. This marks a new trade barrier for goods sourced from Vietnam.
Vietnam is a top sourcing country for V.F. Corporation, with Southeast Asia and Central/South America accounting for approximately 85% of its U.S. product sourcing. This tariff will directly increase VFC's cost of goods.
The new tariff is expected to create significant cost pressures for VFC and other apparel companies, potentially leading to higher prices for consumers and impacting profitability.
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