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China tariffs could hurt Under Armour short term, analyst says

China tariffs could hurt Under Armour short term, analyst says

Under Armour could be hurt short-term by the Trump administration’s latest round of tariffs on Chinese goods, one analyst said Tuesday.

But the 10 percent duties on $200 billion worth of Chinese imports likely won’t have a long-term effect, said Camilla Yanushevsky, an equity analyst with CFRA Research in Rockville.

About 20 percent of items singled out by the tariffs announced Monday fall in the textiles, apparel and luxury goods industry, according to a CFRA analysis.

“Given the fast-moving nature of the fashion industry and the complexity of redrawing decades-old supply chains, we foresee apparel and footwear makers hiking prices and thereby shifting most of the...

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