Trump offered sage advice to businesses as the tariff rate increased by 15%. “Waivers on some products will be granted, or go to new source!” he tweeted. “Build your products in the United States and there are NO TARIFFS!”
Going to a new source is a strategy a number of businesses have employed, though often that means moving to a supplier base in other parts of Asia rather than the U.S. Either way, a change of this magnitude is rarely a task measured in days or even weeks.
In light of the tariffs, Brooks Running plans to move the majority of its running shoe production from China to Vietnam.