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Home News Markets

Sporting Goods Stocks Plunge Following Trump’s New Tariffs on Foreign Imports

by Team Lumida
April 3, 2025
in Markets
Reading Time: 4 mins read
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Key Takeaways:

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  • Shares of major sporting goods companies, including Adidas, Puma, and Nike, fell sharply after President Trump announced new tariffs targeting countries with significant manufacturing hubs for the industry.
  • Adidas and Puma saw declines of 10% and 8.9%, respectively, while JD Sports dropped 5.5% and Nike fell 9.2% in pre-market trading.
  • The tariffs are particularly severe for Southeast Asian countries, with Vietnam facing a 46% tariff, Cambodia 49%, and Thailand 36%, among others.
  • Analysts warn that the impact of these tariffs could be more significant than anticipated, as nearly all footwear sold in the U.S. is imported.

What Happened?

Following President Trump’s announcement of new tariffs on foreign imports, shares in sporting goods companies experienced significant declines. The tariffs, which target countries like Vietnam, Cambodia, and Thailand, are harsher than expected and could severely impact the industry, particularly as many brands have shifted manufacturing to these regions in recent years.

Adidas and Puma’s stocks dropped 10% and 8.9%, respectively, while JD Sports fell 5.5%. Nike’s shares were down 9.2% in pre-market trading. Analysts from RBC Capital Markets noted that the tariffs could create substantial headwinds for these companies, especially given the high percentage of imported footwear in the U.S. market.


Why It Matters?

The introduction of these tariffs raises concerns about increased costs for consumers and potential disruptions in the supply chain for sporting goods. With nearly all footwear sold in the U.S. being imported, the tariffs could lead to price increases that may not be fully passed on to consumers, potentially squeezing profit margins for companies like Puma and Nike more than for Adidas.

The situation highlights the vulnerability of the sporting goods sector to geopolitical tensions and trade policies, which could lead to shifts in manufacturing strategies and pricing structures across the industry.


What’s Next?

As the tariffs take effect, market participants will be closely monitoring how sporting goods companies respond, particularly in terms of pricing strategies and potential shifts in sourcing. The ability of these companies to mitigate the impact of tariffs through operational adjustments will be critical in determining their financial performance in the coming quarters.

Additionally, analysts will watch for consumer reactions to potential price increases and how these dynamics may influence overall sales in the sporting goods market. The ongoing trade tensions could also prompt further adjustments in manufacturing locations and supply chain strategies for affected companies.

Source
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018