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Nike Fights $1B Tariff Hit With Sourcing Shifts, Price Hikes - Data Intelligence

Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nike, which pays an average U.S. customs tax rate in the mid-teens for imported footwear, faces $1 billion in additional costs due to current U.S. tariffs, EVP and CFO Matthew Friend said in a June 26 earnings call. To offset tariffs, Nike plans to shift some manufacturing out of China, one of the countries hardest hit by U.S. duties,…
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Plato. Vertical Search. Ai. | PlatoAiStream. Data Intelligence. Vertical Search. Ai. broke the news in on Sunday, July 6, 2025.
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