Morningstar: Nike, Lululemon among firms with ‘very high’ exposure to new tariffs

Some companies are more vulnerable that others to the Trump Administration's new reciprocal tariffs. According to a note published on April 3 by financial services firm Morningstar, the new tariffs have significant implications for apparel manufacturers and retailers, as — based on trade associations and other sources — approximately 98% of clothing and 99% of footwear that is sold in the U.S. is imported, primarily from Asia.