New Delhi, April 5 -- U.S. President Donald Trump's sweeping new tariffs on global imports could accelerate a major production shift to India by global footwear giants such as Nike, Adidas, and Puma, industry experts say.
On Thursday, the U.S. imposed a 26 per cent flat tariff on Indian imports, a move that surprisingly benefits India compared to competitors like Vietnam (46 per cent), Cambodia (49 per cent), and Indonesia (32 per cent). These higher duties on non-leather footwear have made India a more attractive sourcing destination.
Nike, Adidas, and Puma, which currently depend heavily on Vietnamese production, are likely to reassess their supply chains. In FY24, 50 per cent of Nike's footwear came from Vietnam, as did 39 per cent o...
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