Donald Trump’s duties are expected to trigger in US companies producing their goods in Vietnam, the country where they are produced from sneakers to sofas.

For years, China’s neighbor has been a popular alternative to companies trying to avoid crossing the US with US trade tensions with Beijing. Now, however, the situation is changing as Trump expands the duties.

The US president said he would impose duties 46% to imports from Vietnam by the April 9 And this can lead to an increase in production costs for large companies in the field of clothing, furniture and toys. And this will then lead to price increase.

According to CNBC, China exported more goods to the US from any other country for more than two decades, but Mexico surpassed it in 2023. Beijing is now the country’s second largest supplier, representing 438.9 billion goods in 20 billion in 2024. Imports in the US increased to $ 136.6 billion in 2024, about 19% higher than 2023.

Which companies are more vulnerable than the duties in Vietnam

One of the big companies that will feel pressure from the duties is the Nikewhich builds about half of its shoes in China and Vietnam. Specifically, about 25% comes from Vietnam.

Trump will impose a duty of 34% In addition to existing duties 20% In imports from China, for a obvious 54%a White House official told CNBC.

Extension of duties could delay or slow down Nike’s efforts to rejuvenate its trademark and improve its sales. The Nike shares have dropped over 6% after the announcement of the duties.

At the same time, and the Adidas Other big “players” of footwear are also largely based on Vietnam.

Vietnam was the second largest country for suppliers and Ugg and her Hoka and the parent company Deckers Brands as well as the American Eagle.

And VF Corporation, which consists of brands of footwear, clothing and accessories such as The North Face, Timberland, Vans and Jansporthe also has a great dependence on China and Vietnam. About 38% of its suppliers are in China and 17% in Vietnam.

Correspondingly, companies with furniture and toys are largely dependent on Vietnam. Some examples are the Wayfair, Hasbro, Spinmaster, Mattel, Crayola.

On the other hand, companies like Steve Madden decided, since Trump returned to the White House to reduce imports from China up to 45% in the following year.

With the new data, and other giants will have to draw a plan b.