Nike to reduce reliance on China, says U.S. tariffs will add $1-billion to costs

Why did Tesla fire its head of manufacturing? How will Palantir’s nuclear AI deal impact energy? What’s behind Nike’s $1 billion tariff cost? Why is China’s industrial profit plunging? How could Trump’s trade policies affect US imports? Why is the US dollar near a multi-year low? What led to the surge in Xiaomi’s EV orders?

Nike to reduce reliance on China, says U.S. tariffs will add $1-billion to costs

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Nike expects U.S. tariffs on imports to add around US$1-billion to its costs, the sportswear giant said on Thursday, detailing how it aims to reduce its reliance on production in China and mitigate the impact.
President Donald Trump’s sweeping tariffs on key trading partners have forced…

This story appeared on theglobeandmail.com, 2025-06-26 22:37:17.