Sonia Lapinsky, Leader of Fashion Retail, comments to CNBC highlighting retail relief over 20% Vietnam Tariff, but warns of rising costs: Retailers avoided a worst case scenario in Vietnam. But executives say Trump's trade deal could still hit consumers
U.S. retailers are relieved tariffs on Vietnamese imports may be 20% instead of 46%, but prices are still expected to rise, possibly hurting consumer spending. Vietnam, now a key supplier after China tariffs, may be part of broader trade deals in Asia.