From CNBC: 2024-11-07 11:28:54

Steve Madden plans to reduce goods imported from China by up to 45% in anticipation of potential tariffs under President-elect Donald Trump. CEO Edward Rosenfeld mentioned the brand has been looking into factories in other countries like Cambodia, Vietnam, Mexico, and Brazil to diversify sourcing. Other retailers are also preparing for possible price increases due to tariffs.



Read more at CNBC: Steve Madden to slash China sourcing as Trump’s tariff plan looms