In response to the recent imposition of substantial U.S tariffs on Chinese imports, several American companies are actively relocating their manufacturing operations to mitigate financial risks and maintain competitive pricing.
Fashion retailer Steve Madden has announced plans to reduce its reliance on Chinese manufacturing by approximately 40% to 45%. The company intends to diversify its production across countries such as Cambodia, Vietnam, Mexico, and Brazil.
CEO Edward Rosenfeld stated, "We have been planning for a potential scenario in which we would have to move goods out of China more quickly. As of yesterday morning, we are putting that plan into motion."
Joining the shift is Breville, the Australian-American kitchen appliance brand known for its high-end coffee machines and smart ovens. Though Breville had long relied on Chinese manufacturing for its precision products, the company recently confirmed it will relocate a substantial portion of its production to Malaysia and Mexico. Executives cited both the new tariffs and ongoing geopolitical uncertainty as key drivers of the decision. "Diversification is not optional anymore - it’s essential," a company spokesperson said.
In the technology sector, Apple is accelerating efforts to diversify its production. The company plans to increase iPhone manufacturing in India to mitigate potential price hikes resulting from the tariffs. Apple's short-term strategy involves shipping approximately 25 million iPhones from India in 2025, covering about 50% of U.S demand.
Additionally, Apple is expanding the manufacturing of other products like iPads and AirPods in Vietnam, which also faces tariffs.
Nintendo, another major brand caught in the crossfire, is also adjusting its operations. Though headquartered in Japan, Nintendo relies heavily on Chinese factories to assemble popular consoles like the Nintendo Switch.
In response to U.S trade policy changes, the company has expanded production capacity in Vietnam to ensure continued supply to North American markets without facing tariff-related cost increases. It has also delayed preorders from the U.S for the upcoming Switch 2, while it is reevaluating the impact of tariffs on production and pricing.
The fashion industry at large is experiencing significant challenges due to the tariffs. Major brands such as Nike, Gap, and Ralph Lauren have seen stock declines of up to 30%.
The National Retail Federation and the American Apparel and Footwear Association have expressed concerns over potential job losses and reduced consumer confidence. The industry is likening the severity of this crisis to the COVID-19 pandemic, highlighting the profound impact of the trade war.
These developments highlight a trend of U.S companies reevaluating and restructuring their global supply chains in response to evolving trade policies and economic pressures.
With looming US tariff hikes on steel, the UK is pushing for a swift implementation of a trade deal meant to protect £400mn in exports and safeguard industry jobs.
Japan and the U.S. are facing tough trade talks as Tokyo resists quick concessions under tariff pressure from President Trump, preferring a balanced deal over a rushed agreement ahead of elections and amid broader tensions with China.
Hungarian Prime Minister Viktor Orban faces political challenges as U.S. tariffs threaten Hungary's economy. With opposition parties gaining momentum ahead of the 2024 elections, critics argue for a Europe-focused approach, criticizing Orban’s ties with Trump and his economic handling.
The IMF has lowered global and U.S. economic growth forecasts, citing Trump-era tariffs and rising uncertainty. Global growth is expected at 2.8% this year, while U.S. growth may slow to 1.8%, with heightened recession and inflation risks.
UN High Commissioner for Refugees Filippo Grandi has warned that global refugee protection is facing unprecedented threats, with more than 122 million people forcibly displaced amid ongoing conflicts and shrinking humanitarian aid.
A new freight route connecting eastern China to Azerbaijan via Turkmenistan has officially been launched, marking a significant expansion of the Trans-Caspian International Transport Corridor, also known as the Middle Corridor.
Tesla has secured a major agreement to build its first grid-scale battery storage station in China, local media outlet Yicai reported Friday.
In what experts are calling the most extensive data breach in digital history, nearly 16 billion user records have been compromised globally, according to a new investigative report by Cybernews.
Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), will visit Kazakhstan on 23–24 June 2025 for meetings with senior government officials and business leaders.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Tajikistan and China have agreed to establish a Joint Working Group on Artificial Intelligence, following high-level talks between President Emomali Rahmon and President Xi Jinping in Astana earlier this week.
Tesla has secured a major agreement to build its first grid-scale battery storage station in China, local media outlet Yicai reported Friday.
Iran has fired a new round of missiles at Israel, with reports of strikes in several locations, as tensions between the two countries continue.
A mine collapse in rebel-held eastern DR Congo has left at least 12 people dead, with others managing to escape. The cause of the disaster remains unknown.
Ilham Aliyev and UFC president Dana White discussed the upcoming UFC event in Baku, highlighting Azerbaijan's growing role in global sports.
UN High Commissioner for Refugees Filippo Grandi has warned that global refugee protection is facing unprecedented threats, with more than 122 million people forcibly displaced amid ongoing conflicts and shrinking humanitarian aid.
A new freight route connecting eastern China to Azerbaijan via Turkmenistan has officially been launched, marking a significant expansion of the Trans-Caspian International Transport Corridor, also known as the Middle Corridor.
Tesla has secured a major agreement to build its first grid-scale battery storage station in China, local media outlet Yicai reported Friday.
In what experts are calling the most extensive data breach in digital history, nearly 16 billion user records have been compromised globally, according to a new investigative report by Cybernews.
Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), will visit Kazakhstan on 23–24 June 2025 for meetings with senior government officials and business leaders.
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