Posted on 12/18/2025 12:34:42 PM PST by Oldeconomybuyer
Shares in Birkenstock plunged 9% Thursday after the German shoe retailer warned tariffs will likely weigh heavily on its profit margins.
The company – known for its chunky cork sandals – said it expects its annual gross margins will drop by a full percentage point due to US tariffs in the new fiscal year, which runs through Sept. 30, 2026.
Birkenstock, which listed in New York in 2023, still operates the majority of its production in Germany – leaving it exposed to the Trump administration’s 15% tariff on the European Union, which it reached after a trade deal with the 27-nation bloc over the summer.
(Excerpt) Read more at nypost.com ...
When East Germany vanished into history in 1990, billions of dollars in state money vanished with it, presumably ending up in locked suitcases and mysterious foreign bank accounts. To this day, no one knows where that money went.
And the way they ‘don’t allow it’ is by sky high tariffs...
I would disagree...you can spot Ford Ranger trucks, Jeeps, and Ford Mustangs on German autobahns. Twenty years ago, you would be correct...things evolving.
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