Nike warns Trump tariffs may increase costs by $1 billion
posted 4 days ago
“Avoiding tariffs by a shoestring budget.”
Nike has announced that tariffs imposed by the Trump administration could lead to a $1 billion increase in costs. In response, the company plans to reduce its dependence on manufacturing in China to mitigate the effects of US trade policies.
Source:
Nike says US trade policies could cost it $1bn
(bbc.com)