Steven Madden to slash sourcing from China on tariff worries under Trump
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Steven Madden is planning to reduce its sourcing from China due to concerns over tariffs under the Trump administration. The company is developing factory bases in countries like Cambodia, Vietnam, Mexico, and Brazil.
November 08, 2024 | 12:15 am
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Steven Madden is reducing its reliance on Chinese manufacturing due to tariff concerns, shifting production to other countries. This strategic move could mitigate risks associated with US-China trade tensions.
The decision to diversify manufacturing locations is a proactive measure to avoid potential tariff impacts, which could stabilize costs and supply chain reliability. This strategic shift is likely to be viewed positively by investors, as it reduces dependency on China and mitigates trade-related risks.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90