The margin-hit forecast highlights the impact of the Trump administration's changing trade policies on consumer-facing companies, especially those with suppliers in countries that do not have trade deals with Washington in place yet. Levi's has capitalized on the resurgence of baggy, loose-fit apparel among Gen Z customers and raised its 2025 sales and profit forecasts on Thursday, but the company still warned of a 130-basis-point hit to its fourth-quarter gross margins. "While management calls this (growi ...