Japan is willing to do 'a lot of things' to get a deal with the US: Japan Society CEO
Joshua Walker, President and CEO of the Japan Society, talks about Japan's experience in wrapping economic issues with national security, as he discusses the race among Asian nations to clinch a trade deal with the U.S.
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37 minutes ago
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Most retail executives expect Trump to walk back 'reciprocal' tariffs, survey finds
Even retail executives are bullish on the "TACO trade." Following weeks of shifting trade policy, early deals and winding court challenges, some retail executives are starting to feel more optimistic about President Donald Trump's so-called reciprocal tariffs, a new survey from consulting firm AlixPartners shows. The survey, which polled executives from brands, retailers and other consumer companies on June 1, found most respondents expect the president will walk back those steep duties on the European Union, Vietnam, India and Mexico after a 90-day pause lapses in July. Mexico wasn't part of Trump's reciprocal tariffs but has faced new levies from the administration, which respondents also expect will stay the same. Imports from those areas and dozens of other countries are facing a 10% duty as the Trump administration tries to hammer out trade deals with individual nations. Most survey respondents expect those 10% tariffs to remain in effect — rather than the far higher rates originally imposed on April 2 — after those negotiations are complete. For example, 53% of retail executives expect tariffs on goods imported from Vietnam to stay at 10% after the delay ends, instead of the feared 46% "reciprocal" levy that could batter companies like Nike that import a major share of goods from the country. For many retailers, Vietnam has become the next manufacturing frontier outside of China. Negotiations between the southeast Asian country and Washington D.C. have been closely watched, and the subject of many executives' consternation in recent months. In the weeks after Trump announced then reduced the steep "reciprocal" tariffs, many executives feared they would end up being higher than 10%, said Sonia Lapinsky, a partner and managing director at AlixPartners, citing conversations the firm has had with retail leaders. But as June approached, the vibe started to shift, the survey results show. For one, the U.S. and China finally came to the negotiating table. Days before the survey was conducted, the U.S. Court of International Trade also ruled that Trump didn't have the authority to impose the April 2 tariffs. While that ruling is on hold pending appeal from the Trump administration, the developments signaled to retailers that the tariffs could be scrapped altogether, the survey results show. "[Trump] is showing that he wants to make a deal, and that took a lot of effort for him to go and get that done at that stage. If we remember, even trying to get a meeting was very difficult for both sides to get done and yet they got progress made," said Lapinsky. "I think the fact that there was some pushback that has since been retracted on allowing the tariffs to go through, I think could make some people feel more confident that potentially that could happen again." In the days after the survey was conducted, Trump made a preliminary deal with China to maintain a new 30% tariff on imports, after he reduced a previous 145% duty. It's another sign to retail executives that tariffs on the rest of the world could remain at 10%, and shows their views may align with the so-called TACO trade – a critique coined by a Financial Times columnist that stands for "Trump Always Chickens Out." The term describes a past pattern where Trump announces high tariffs and then later pauses or lightens them after markets react negatively. When asked about the term last month, Trump said it's not about chickening out. "It's called negotiation," he said. Still, Lapinsky cautioned that the optimism among retailers could be premature. "We can see that China could be at status quo, because there's been such discussion about the deal making back and forth and the priorities of both countries to get something to work eventually, but these other countries don't have the leverage that China has," said Lapinsky. "Whether they're going to be able to negotiate keeping down a similar deal or not to me remains very unknown," she continued. "I wouldn't have expected that many retailers to say they thought it was going to stay status quo." While more respondents expect the 10% tariff to remain in place in most regions outside of China, the responsible companies are planning for both, said Lapinsky. For example, 46% of respondents expect tariffs on imports from India to stay at 10%, instead of the proposed 26% levy. But 29% of respondents are also planning for both scenarios, where duties either stay the same or end up higher.
Yahoo
37 minutes ago
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Japan and US Still Far Apart in Tariff Talks, PM Cited as Saying
(Bloomberg) -- Japanese Prime Minister Shigeru Ishiba still sees distance with the US when it comes to trade talks, according to an opposition party leader who met with the leader to discuss US tariffs. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban NY Long Island Rail Service Resumes After Grand Central Fire Do World's Fairs Still Matter? Ishiba is expected to meet US President Donald Trump on the sidelines of the Group of Seven leaders gathering in Canada starting Sunday. Ahead of that potentially key meeting, the prime minister gathered with opposition party leaders Thursday to canvass their thoughts on the American levies. Speaking to reporters after the gathering, Japan Innovation Party co-leader Seiji Maehara said that Ishiba said there is a large gap between the US and Japanese stances, and that he doesn't have a particular timeline in mind for when the two sides may come to an agreement. 'If there's progress before I meet the president, that's in and of itself good,' Ishiba told reporters in Tokyo Thursday. 'But what's important is to achieve an agreement that's beneficial to both Japan and the US. We won't compromise Japan's interests by prioritizing a quick deal.' The upcoming summit gathering in Canada is viewed as a potential moment for Japan and the US to reach some kind of an agreement after two months of back-and-forths. Failing to get any kind of deal there could worsen Ishiba's standing ahead of a national election next month as the tariffs threaten to push Japan's economy into a technical recession. Maehara and Yuichiro Tamaki, head of the Democratic Party for the People said that Ishiba also mentioned the US and Japan are discussing Japan's US Treasuries holdings, without elaborating on details. Tamaki told Ishiba that Japan could help US yields stabilize by reinvesting in US bonds — specifically by buying longer-term bonds when current holdings mature. Japan remains the biggest foreign holder of US Treasuries. In early May, Finance Minister Katsunobu Kato's remarks that suggested US Treasuries could be used as a negotiating tool drew great market interest, but later Kato appeared to walk back those comments and in particular the idea that Japan might use the sale of US Treasuries in negotiations. While Japanese party leaders continued to discuss the tariffs' impact, Trump appears to be ramping up pressure. The US president said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies. For Japan, an across-the-board tariff is set to increase to 24% from 10% on that day barring a deal. The Asian nation is trying to earn a reprieve from a 25% tariff on cars and car parts and a 50% levy on steel and aluminum. Ishiba's top trade negotiator Ryosei Akazawa is expected to travel to North America later this week for the sixth round of negotiations with his counterparts. Still, in a different debate with opposition party leaders held in parliament on Wednesday, Ishiba hinted at how quickly the situation could change. 'The final decision is made by the president. There are many instances when the deal is sealed in that final moment,' Ishiba said when asked by the leader of the largest opposition party how far along trade talks were. 'There is no doubt that talks are progressing.' --With assistance from Takashi Hirokawa. (Updates with more details on meeting, opposition leaders' comments.) American Mid: Hampton Inn's Good-Enough Formula for World Domination New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
37 minutes ago
- Yahoo
The Zacks Analyst Blog Highlights Nike, lululemon athletica and adidas
Chicago, IL – June 12, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Nike, Inc. NKE, lululemon athletica inc. LULU and adidas AG ADDYY. Here are highlights from Wednesday's Analyst Blog: Nike, Inc. boasts a solid presence in China, which forms a cornerstone in its global growth strategy. The company has strategically invested in China to reinforce its consumer engagement and gain competitive leverage. Nike's China business, which is commonly referred to as Greater China, delivered revenues of $1.7 billion in third-quarter fiscal 2025, contributing about 15% to total revenues. However, Greater China has remained a challenging market for Nike, weighed down by a difficult operating environment and tariff-related headwinds. In third-quarter fiscal 2025, Greater China revenues plunged 17% on a reported basis (down 15% in constant currency), as Nike Direct sales fell 11%, Nike Digital revenues slid 20% and Nike-owned store revenues dipped 6%. Wholesale performance also weakened, with an 18% year-over-year decline, underscoring persistent consumer and trade pressures across the region. Despite near-term challenges, Nike remains bullish on Greater China's long-term growth potential. To reignite momentum, the company has aggressively cleaned up the marketplace—executing returns and rebates, liquidating excess inventory, and creating space for new product drops and expanded assortments. Management acknowledges China's status as a "mono-brand market," and is committed to patience and precision as it phases in its Win Now initiatives, expecting these actions to boost foot traffic and market share over time. NKE deepens its vast presence in China by customizing product innovation to local tastes, launching culturally resonant marketing campaigns, accelerating research and development activities, and forming strategic alliances with leading Chinese sports and cultural organizations. This concerted effort to embed sport and fitness into everyday life not only deepens consumer engagement but also positions Nike to outpace competitors in its broader Asian markets. lululemon athletica inc. and adidas AG are the key companies competing with Nike in China. Like NKE, lululemon seeks to enhance its presence in China, which is among its key global markets. The company has been experiencing solid momentum in its international markets, especially in China. In first-quarter fiscal 2025, revenues increased 21% in Mainland China (22% in constant currency) while comps improved 8%. The company looks forward to strengthening its physical appearance with constant store openings in the international markets, primarily in China. Amid the tariff-driven pressures, lululemon anticipates revenue growth of 25-30% in Mainland China in fiscal 2025, thanks to its distinct product and innovative solutions. Growth in LULU's customer base through its stores and diverse e-commerce platforms, coupled with product innovations and a robust omnichannel operating model, has been bolstering growth in the region. adidas is another sporting goods giant vying for a larger share of the Chinese market. The company is aggressively focused on expanding its presence in China by launching locally relevant product lines and enhancing its brand equity via collaborations and marketing campaigns. Amid a highly evolving geopolitical and macroeconomic environment, adidas has been diversifying its supply chain and adopting mitigating strategies. Initiatives like the "Future City Concept" stores highlight adidas' ongoing commitment to forward retail strategy. Such strategies are likely to offer resilience and sustainability in the long term. Shares of Nike have lost around 15.5% year to date compared with the industry's decline of 14%. From a valuation standpoint, NKE trades at a forward price-to-earnings ratio of 32.5X, higher than the industry's average of 25.76X. The Zacks Consensus Estimate for NKE's fiscal 2025 and 2026 earnings implies a year-over-year plunge of 46.1% and 8.7%, respectively. The company's EPS estimate for fiscal 2025 and fiscal 2026 has been stable in the past 30 days. Nike stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report lululemon athletica inc. (LULU) : Free Stock Analysis Report Adidas AG (ADDYY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
