Levi's slims down China supply chain exposure as trade war rages on [Reuters]
Levi Strauss & Co Class A (LEVI)
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Source: Reuters
Levi's slims down China supply chain exposure as trade war rages on - Reuters 4 Min Read NEW YORK (Reuters) - Levi Strauss & Co ( LEVI.N ) has been “deliberate and diligent” in moving production out of China because of uncertainty hanging over tariffs on goods imported from China, Chief Executive Officer Chip Bergh said in an interview with Reuters. Just 1% or 2% of Levi’s product sold in the United States are manufactured in China, Bergh said, compared to 16% two years ago. Bergh was speaking one day before President Donald Trump said he would impose tariffs on another $300 billion of Chinese goods, including apparel. Trump has used tariffs as a tool to negotiate better trade terms, saying bad deals cost millions of U.S. jobs. Along with apparel, the new tariffs hit consumer goods such as electronics and toys and come in addition to those already imposed on $250 billion of other goods imported from China. The on-again, off-again nature of the U.S. tariffs on Chinese goods had creat
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LEVI
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- 4/11/24 - Form 8-K
- 4/5/24 - Form 4
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