US shoe retailer Steve Madden plans to rapidly move production out of China by up to 45% in response to President-elect Trump’s proposed tariffs, which could significantly impact the global economy. The company aims to cut its reliance on Chinese imports and focus more on factory bases in Brazil, Mexico, Vietnam, and Cambodia. This move is expected to reduce the percentage of goods sourced from China by approximately 40-45% over the next year.
Source: https://www.foxbusiness.com/media/steve-madden-announces-plan-rapidly-move-production-out-china-following-trump-election-win