Steve Madden to slash China sourcing by as much as 45% as Trump's tariff plan looms
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Steve Madden plans to reduce its imports from China by up to 45% in response to potential tariffs proposed by President-elect Donald Trump. The tariffs could range from 10% to 100% on Chinese goods.
November 07, 2024 | 4:45 pm
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Steve Madden is planning to reduce its reliance on Chinese imports by up to 45% due to potential tariffs from Trump's administration. This move is aimed at mitigating the impact of tariffs ranging from 10% to 100% on Chinese goods.
Steve Madden's decision to reduce imports from China is a proactive measure to avoid the financial impact of potential tariffs. This strategic shift could help the company maintain its profit margins and reduce cost pressures, which is likely to be viewed positively by investors.
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