How Calvin Klein and Tommy Hilfiger got caught in Trump's trade war with China
Feb 06, 2025
Calvin Klein and Tommy Hilfiger, two popular clothing brands, are in trouble because of a trade war between the United States and China. China put the company that owns these brands, PVH Corp, on a list of "unreliable entities." This means that PVH Corp could have to close stores, stop making clothes in China, and send its workers back home.
China did this after the US President Trump put new taxes on products coming from China. PVH Corp has a lot of factories and suppliers in China, so this is a big problem for them. China might even stop the company from making clothes in China at all. This would make it hard for PVH Corp to find new places to make their clothes and meet the needs of their customers.
China is using PVH Corp as an example to show the US that it can hurt American companies with big businesses in China. Other companies like Nike, Apple, and Starbucks could also face trouble if the trade war continues. PVH Corp has been in China for a long time, and now they have to figure out new ways to make money and sell clothes.
This trade war between the US and China is causing a lot of problems for businesses. PVH Corp and other companies have to deal with new rules and restrictions, which can make it hard for them to keep doing business in both countries. PVH Corp is hoping to find a positive solution and keep selling its clothes to customers around the world.