Gap, Nike and Levi's took years to diversify from China. Now sky high tariffs on nations like Vietnam are ruining plans and tanking their stocks

Gap, Nike and Levi's took years to diversify from China. Now sky high tariffs on nations like Vietnam are ruining plans and tanking their stocks
At Shoptalk, Gap Inc CEO highlighted limited exposure to China due to diversified supplier base. Many US retailers reduced reliance on China due to rising costs and trade conflicts.