Georgia Football 2025 26 College Football Playoff Tee Shirts
“This is an existential threat. Everybody is holding their breath,” says Sanjeev Bahl, CEO of Saitex, a denim manufacturer with operations in Vietnam and Los Angeles, who was in Ho Chi Minh at the time of the tariffs announcement. “Sourcing teams are looking at other options; people are crunching numbers. Nobody has yet approached a formula of ‘what if’. That will start once we know the final numbers and if there are negotiations.” Negotiations to lower the rates are seemingly being banked on, at least by some companies that have held shipments currently ready to be imported to the US to avoid the new tariff costs, according to those familiar with the decision. But that response can only last so long before inventory is jeopardised. Whether or not the rates are up for negotiations has been unclear: Trump said Friday that negotiations were possible, contradicting an aide who said the opposite the day before. And on Friday, Trump said that the Vietnamese leader Tô Lâm was at the negotiating table already, wanting to bring tariff rates down to zero. Nike, which produces its sneakers in Vietnam, saw shares climb 4 per cent in response to the news.Georgia Football 2025 26 College Football Playoff Tee Shirts
Companies are counting on a Hail Mary as there’s really nowhere to hide: after Trump enacted stiff tariffs on China in his first term, companies moved some production to other countries. A blanket tariff policy, with high rates on those same countries, leaves brands with few options. “The challenge is that these are going into effect so quickly, there’s very little brands can do,” says Gold. “For companies that took time to diversify away from China, they got the message and looked for other opportunities. But those countries are subject to higher tariffs now. They’re scratching their heads now to see where they can go. It’s unclear what countries can do to get out from under the tariffs. They will have an immediate impact, and companies are planning for the holiday season as we speak.”
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