Nike, Crocs, Deckers face heat as Trump tariffs hit Southeast Asia
Footwear giants Nike, Crocs, Deckers, and ON Holdings face tariff headwinds as US duties on Vietnam and Indonesia exports rise to 20% and 19%. China may see a 30% rate from August 12. Shares fell last week, with Deckers down 11.6%. Nike warns of $1B in costs. Stocktwits sentiment is bearish for Nike and Deckers, but bullish for Crocs and ON.