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US Tariffs May Drive Nike, Adidas to Boost India Manufacturing
Financial Express Hyderabad
|April 05, 2025
Shift in Production
US PRESIDENT DONALD Trump's retaliatory tariffs on global imports are likely to speed up the shift in production by footwear giants like Nike, Puma, and Adidas to India, which now faces lower tariffs than its competitors, according to experts.
On Thursday, the Trump administration announced a flat 26% tariff on goods imported from India, with limited sectoral exemptions. In contrast, India's competitors in non-leather footwear exports—Vietnam (46%), Cambodia (49%), Bangladesh (37%), and Indonesia (32%)—face steeper tariffs, making their products less competitive.
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