New US Section 301 tariffs now touch almost every corner of global trade, and textile and apparel supply chains sit right in the crosshairs. For investors, that creates a rare moment when import rules can reshape winners and losers in plain sight. This article walks through three stocks exposed to the tariff shock, two that may gain and one that could feel pressure, to help you decide what deserves a closer look.

Delta Apparel (DLAP.Q)

Overview: Delta Apparel is a vertically integrated apparel company that designs, manufactures, and markets activewear and lifestyle clothing across the Delta Group basics business and the Salt Life beach and outdoor brand, selling through retailers, wholesalers, and its own ecommerce sites.

Operations: Delta Apparel generates most of its revenue from the Delta Group segment with about US$301 million, while the Salt Life Group contributes around US$56 million.

Market Cap: US$7 million

Delta Apparel sits at the intersection of tariff policy and supply chain realignment, with a sizable share of production already in the US and Central America that could look more appealing as Asian textile imports face new Section 301 charges. That positioning may interest investors who expect buyers to rebalance sourcing toward nearby regions. At the same time, the stock is very small, trading is thin, and the company is currently unprofitable with a loss on equity and heavy reliance on external borrowing. As a result, liquidity and financing risk are real concerns. The combination of potential volume tailwinds and clear financial and governance data gaps makes Delta Apparel a high risk idea that some investors may still want on their tariff watchlist.

Delta Apparel sits where tariff pressure and sourcing shifts could meet, yet its small size and funding strain raise big questions. See how the 2 warning signs (2 are major!) might change the story hiding behind those risks.

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PVH (PVH)

Overview: PVH is a global apparel company behind brands such as Calvin Klein and Tommy Hilfiger, designing and selling clothing, accessories, and related products for men, women, and children through wholesale partners, its own stores, and online channels.

Operations: PVH generates most of its revenue from EMEA at about US$4.3b, with additional sales of around US$2.7b from the Americas, US$1.6b from Asia-Pacific, and roughly US$400 million from licensing.

Market Cap: US$4.0b

PVH may appeal to investors who want exposure to a global fashion company with well known brands. However, the new Section 301 tariffs turn its complex supply chain into a potential weak spot rather than a strength. Earnings have been volatile and profit margins are thin at 1.8%. Recent guidance for flat revenue, along with a JPMorgan downgrade in early August 2026, highlights how fragile expectations have become even after a solid Q1. The stock appears inexpensive relative to some cash flow estimates, but that discount exists alongside tariff related cost pressure, uneven demand in key regions such as EMEA and APAC, and significant reliance on legacy labels that need to continue resonating with younger shoppers.

PVH’s thin 1.8% margins and flat revenue guidance suggest the real story lies in how the business absorbs tariff and demand shocks. Put those pieces together through the 2 key rewards and 1 important warning sign

Gildan Activewear (TSX:GIL)

Overview: Gildan Activewear is a Montreal based apparel manufacturer that supplies basic activewear, underwear, hosiery, and intimate apparel under a wide range of owned and licensed brands to wholesalers, embellishers, and major retailers across North America and international markets.

Operations: Gildan generates about US$4.7b in revenue almost entirely from apparel, with roughly US$4.3b from the United States, around US$301 million from international markets, and about US$133 million from Canada.

Market Cap: CA$14.8b

Gildan Activewear offers exposure to a vertically integrated, low cost producer that already relies on U.S. cotton and yarn and Central American facilities. Management indicates this setup can reduce tariff exposure as new Section 301 rules raise costs for many Asian rivals. Recent results tied to the HanesBrands acquisition, higher guidance for adjusted EPS and free cash flow, and plans to pay down debt with the sale of HanesBrands Australia illustrate how the company is seeking to translate its scale into financial strength. Set that against pressure on profit margins, a history of one off charges, a higher P/E multiple, board turnover, and funding that relies heavily on external borrowing, and Gildan appears as a potential tariff beneficiary that still carries notable execution and governance risks that investors may wish to examine in more detail.

Tariff-exposed capacity, new deals and changes in the boardroom have placed Gildan Activewear at the center of the textile story, but the real twist sits in the analysis report for Gildan Activewear

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.