Levi's CEO admits tariffs are unbearable amidst trade turmoil
Levi's CEO admits tariffs are unbearable amidst trade turmoil
- The U.S. tariffs on apparel and footwear imports increased dramatically, reaching a weighted average of 36%, significantly impacting the industry.
- Levi Strauss & Co. has taken measures to mitigate the effects of these tariffs by leveraging its international business structure.
- Michelle Gass emphasized that companies can only absorb a limited amount of tariff costs, highlighting the critical need for agility in the industry.
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