Trade-Sensitive Stocks Take a Hit After Trump Confirms Tariffs

e.l.f. Beauty, which makes most of its products in China, saw a 9.2% drop in shares. The company’s chief financial officer told investors recently that it has a “successful playbook” for tariff response from 2019.

Shares of Lululemon dropped 4.9%, and are down more than 9% this year. The fashion brand is headquartered in Vancouver, though it makes most of its athletic gear in Cambodia, Sri Lanka, Indonesia, Bangladesh and elsewhere in Asia.

Dollar Tree fell 5.6%. The retailer gets about 40% of its products from foreign vendors. The stock is down almost 16% over the past six months

Abercrombie & Fitch dropped more than 6%. Chief Operating Officer Scott Lipesky this fall assured its investors that the company’s exposure to Mexico and Canada was minimal, and that it has shrunk its exposure to China in recent years. The stock has lost more than 35% this year.

Dick’s Sporting Goods declined 4.7%. Chief Financial Officer Navdeep Gupta told investors in November that “if you look back to how we navigated this in 2018, 2019, that will be kind of the playbook that we’ll follow here again as more is learned.”