EXECUTIVES from shoe and fashion accessory brand steven Madden said the company was working quickly to shift product sourcing out of China to other countries, reports Reuters.
US president-elect Donald Trump's intension to impose 60 per cent tariffs on China-made goods contributed to the decision.
Steven Madden executives said the company had already been working on a China exit and been considering factories in Cambodia, Vietnam, Mexico and Brazil.
'Just under half of our current business would be potentially subject to tariffs
SeaNews Turkey
US president-elect Donald Trump's intension to impose 60 per cent tariffs on China-made goods contributed to the decision.
Steven Madden executives said the company had already been working on a China exit and been considering factories in Cambodia, Vietnam, Mexico and Brazil.
'Just under half of our current business would be potentially subject to tariffs
SeaNews Turkey
