The Chairman of Fast Retailing, owner of the Uniqlo brand, has said he will withdraw from the U.S. if a border-adjustable tax is introduced by the Trump administration. Tadashi-san cites higher costs of U.S. manufacturing making it difficult to make products that are “beneficial to consumers”. That contrasts with others such as Adidas, which cited that most companies in the industry as having “the same business model” – ie that prices could go up. Panjiva’s teardown of Uniqlo’s U.S. sourcing, including nearly 300 country-product pairs, shows the largest exposure is to China, Hong Kong...