Reported about 21 hours ago
Nike's stock has dropped significantly alongside other footwear retailers as new tariffs imposed by the Trump administration come into effect. With the average tariff set to rise to 10%, and even higher rates designated for certain countries, analysts predict severe impacts on margins and earnings for companies like Nike, Crocs, and Lululemon. The tariffs are expected to complicate supply chains and force higher prices on consumers, raising concerns about the overall impact on the economy and consumer confidence.
Source: YAHOO