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Retailers in Los Angeles who sell toys, apparel and homewares say they have no choice but to absorb the added costs — or pass on higher prices to their customers.

Among the imports that typically move through regional warehouses are electronic consumer goods such as televisions and computers, and apparel including clothes and shoes.

A legion of public and private apparel makers, including Guess and fast fashion standout Fashion Nova, rely on low-cost clothing manufactured across Asia.

Stocks like Nike and Lululemon actually increase on that news, because these are apparel companies that have a very big presence in Vietnam.

Sentiment in the US is a "significant concern" for Nike as it directly affects demand for its footwear, says Sheng Lu, a professor of fashion and apparel studies at the University of Delaware.