Nike anticipates $1 billion loss from Trump tariffs and plans to reduce Chinese manufacturing
TL;DR Summary
Nike anticipates an additional $1 billion in costs due to US tariffs, leading to price hikes and sourcing adjustments, amid its worst quarterly earnings in over three years, as the company navigates the impacts of trade tensions and pandemic-related challenges.
- Nike expects Trump tariffs to cost it $1bn The Guardian
- Nike says tariffs will cost it $1 billion before price increases, supply chain shifts CNBC
- Nike Is Running Up That Tariff Hill Bloomberg
- Nike Stock Jumps. Earnings Were Ugly but Better Than Feared. Barron's
- Trump tariffs: Nike pledges to cut reliance on Chinese factories BBC
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