The Financial Post reports in its Tuesday edition that the full impact of U.S. President Donald Trump's trade war, including tariffs, reciprocal tariffs and escalating tariffs on Chinese goods, has yet to be seen. The Post's Denise Paglinawan writes that while there is currently a 90-day pause on "reciprocal" tariffs on about 60 countries and territories, what might follow the reprieve, along with all the economic uncertainty in general, is affecting Canadian clothing retailers that make their products overseas. Should the tariffs proceed, retailers might try to offset the higher tariff costs with higher prices, but if shoppers push back, discounts could return just as quickly. Lululemon is one of many apparel retailers that could potentially be affected by Mr. Trump's "Liberation Day" tariffs, which included a 46-per-cent tariff on Vietnam. The company started moving its production to Vietnam in 2016, along with other companies that diversified manufacturing in recent years, in hopes of avoiding Mr. Trump's previously imposed tariffs on China. Last Wednesday, however, Southeast Asia was thrust into the same conversation as China. Aritzia, Lululemon and Gildan shares are down between 10 per cent and 20 per cent.
© 2026 Canjex Publishing Ltd. All rights reserved.