1212 ET - The significant increase in Vietnam tariffs was one of the two incremental surprises in yesterday's tariff announcement regarding the retailing, broadlines and hardlines sector, DA Davidson analysts say in a research note. The other was the large hike in Chinese tariffs. Most retailers with import exposure still have China as their largest trading partner, But, many have been working over the past five years to diversify away from the Asian giant, often moving to Vietnam. Of the big box retailers, Best Buy has the most import exposure, particularly to the increased China tariff. Companies that have specifically mentioned diversifying include Build-a-Bear and Lovesac, and small increases for AutoZone, and Lowe's. Best Buy, Dick's, Home Depot and Holley also mention Vietnam as an import partner, but exposure is small, the analysts add. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 03, 2025 12:12 ET (16:12 GMT)
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