Nike Soars on a Production Shift Away From China, but It Warns of a $1 Billion Tariff Hit

Your Nike shoes are about to cost a whole lot more thanks to Trump, company warns

The sports giant appears to be unloading some of the burden of the tariffs onto customers

Trade pain, stock gain: Nike shares jump 15% as it shifts production from China; braces for $1 bn tariff blow, price hikes ahead

Nike shares rose after announcing a production shift from China. The company anticipates tariff costs of $1 billion. Price increases are expected in the US this fall. Nike aims to reduce Chinese footwear production to single digits by 2026. Trade agreement details between the US and China remain unclear.

Nike says Trump tariffs could cost it $1bn

Nike's costs will go up $1bn (£728m) this year if US President Donald Trump's tariffs remain at the current level, the company has told investors.

Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit

Breaking News, Sports, Manitoba, Canada

Nike says Trump tariff war could cost it $1bn

Sportswear company to significantly reduce manufacturing in China to mitigate impact of US trade policiesBusiness live – latest updatesNike expects costs to increase by about $1bn (£728m) as a result of Donald Trump’s tariff war, as the sportswear company looks to significantly reduce its manufacturing in China.The market value of the company has plummeted by a third over the past year and it is taking action to reduce the hit, including price i…

Trump tariffs: Nike says US trade policies could cost it $1bn

Company executives say the sportwear giant will cut its reliance on producing goods in China to ease the impact of US trade policies.