Levi Strauss raises sales guidance, says it will absorb some tariff costs for now

  • Levi Strauss anticipates its sales and profits will grow more than it had expected this year -- as long as tariffs don't get any higher. The jeans maker issued guidance that incorporated the new 30% tariff on Chinese imports, where Levi's does little manufacturing, and 10% on the rest of the world, which is expected to change.