Jun. 16 at 7:31 PM
$ONON tariffs are again an issue for this stock. Three separate section 301 investigations for Vietnam (excess capacity, intellectual property, forced labour).
In hindsight, for the sector, it probably would have been better if Supreme Court didn't reject IEEPA tariffs and we'd have certainty with 20% rate for Vietnam.
$NKE,
$LULU
Now we're back to uncertainty, which the market hates.
Still bullish on
$ONON though. They are still growing. It's easier to work around issues with growth. Just build a LightSpray factory in US, supply US from Indonesia and reroute Vietnam capacities into faster growing regions (Asia, Europe).
