1056 GMT - Gildan Activewear can move its production to dance around tariffs if it needs to. In a Citi report, Paul Lejuez says its Bangladesh operation is running at full capacity and still has a cost advantage compared with the U.S. and Honduras with current tariffs. Currently, 9% of its U.S. product comes from Bangladesh, but if levies increase, Lejuez says production from there could shift to serve international markets. Meanwhile, Gildan uses U.S. cotton and U.S. yarn spinning, which aren't subject to U.S. tariffs, and still has room to raise its Central America production capacity should it need to adapt to a new set of tariffs. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 06:57 ET (10:57 GMT)
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