Nike Fights $1B Tariff Hit With Sourcing Shifts, Price Hikes - Data Intelligence
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2 Articles
How Trade Disruptions Are Revolutionizing the Future of Fashion
In the evolving landscape of global trade, tariffs have once again emerged as a pivotal force shaping the textile industry. The Asia Society’s latest analysis, “Tariffs and Textiles: Fashion Interrupted,” delves into how recent trade policies are disrupting supply chains, inflating costs, and redefining competitive dynamics across Asia’s textile markets. As governments impose new duties amid shifting geopolitical tensions, fashion brands and man…
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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