US EditionNike, Columbia Sportswear stocks fall after Trump announces tariff hikes
- President Trump announced increased tariffs on Wednesday affecting goods from Vietnam and China.
- These tariffs followed a trend of American brands relying on Asian manufacturing to cut costs.
- The new tariffs included 46% on Vietnamese imports and 34% on Chinese goods effective April 9th.
- Peter Baum stated that his apparel firm cannot survive such sweeping trade changes.
- Analysts warn that the tariffs could disrupt supply chains and raise consumer prices.
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Here’s how much more Nike’s Air Jordans could cost after tariffs hit
Those looking to pick up a pair of the brand's Air Jordan 1 High sneakers could shell out an extra $18 bucks on top of their current $180 price tag when the new tariff goes into effect April 9, industry sources told The Post.
·New York, United States
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Total News Sources50
Leaning Left8Leaning Right6Center8Last UpdatedBias Distribution36% Left, 36% Center
Bias Distribution
- 36% of the sources lean Left, 36% of the sources are Center
36% Center
L 36%
C 36%
R 27%
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