Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from U.S. tariffs on ...

Nike said it would cut its reliance on production in China to mitigate the impact from U.S. tariffs on imports, and forecast ...

Nike expects U.S. tariffs on imports to add around $1 billion to its costs, the sportswear giant said on Thursday, detailing ...

With the new tariff rates in place today, we estimate a gross incremental cost increase to Nike of approximately $1 billion.

With tariffs leading to price hikes, Nike plans to shift production and reduce its reliance on Chinese manufacturing by the ...

Nike plans to reduce its dependence on Chinese production to counter the impact of U.S. tariffs. The sportswear giant ...

China currently accounts for about 16% of the shoes it imports to the United States. And Nike aims to cut that to the “high single-digits” range by the end of May next year.

Nike’s revenue is down due to a combination of factors including reduced consumer spending, particularly in key markets like ...

China, subject to the biggest tariff increases imposed by Trump, accounts for about 16 per cent of the shoes Nike imports into the United States, chief financial officer Matthew Friend said.

China, subject to the biggest tariff increases imposed by Trump, accounts for about 16% of the shoes Nike imports into the United States, Chief Financial Officer Matthew Friend said.

China, subject to the biggest tariff increases imposed by Trump, accounts for about 16 per cent of the shoes Nike imports into the United States, chief financial officer Matthew Friend said.

China, subject to the biggest tariff increases imposed by Trump, accounts for about 16 per cent of the shoes Nike imports into the United States, Chief Financial Officer Matthew Friend said. But the ...