2333 GMT - Trump's reciprocal tariff on major textile and footwear manufacturing nations will place original equipment manufacturers under significant margin and price pressure over the next 3-5 years, Jefferies says in a note. Vietnam is likely to lose its status as the leading exporter of sporting goods to the U.S. At the same time, new capacity is expected to be added in low-cost countries like Indonesia, India, and in Africa. Surging capital expenditures and margin pressure may result in cash burn for the OEMs, it adds. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
April 02, 2025 19:33 ET (23:33 GMT)
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