LEVI STRAUSS& CO. AND SUBSIDIARIES

INDEX TO FORM 10-Q

FOR THE QUARTERLY PERIOD ENDEDMAY24, 2020

Risks affecting our business

Due to the tariff increases by this administration, The EU increased tariffs on textiles (jeans) by an additional ten percent.This means that those $50 dollar jeans now cost the German importer $5.00 more just to get them into the country. (Understand that the importer pays the additional tariffs, not the government).