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Originally published by Capital Business
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business
June 27, 2025
3mo ago

Nike says Trump tariffs could raise its costs by $1bn

Nike says Trump tariffs could raise its costs by $1bn

JUNE 27 - Nike says US President Donald Trump's tariffs on key trading partners could add around $1bn (£730m) to its costs this year. Company executives Kenya breaking news | Kenya news today |..

✨ Key Highlights

Nike announced that US President Donald Trump’s tariffs could increase its costs by approximately $1bn (£730m) this year, leading the company to reduce production reliance on China.

  • The anticipated cost increase from tariffs is around $1bn.
  • Key organization involved: Nike
  • Currently, China manufactures 16% of Nike's US-bound footwear, expected to decrease to a “high single-digit percentage” by May 2026.

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Part of the Day's Coverage

Economic Challenges Faced by Families and Businesses

Rising school fees push Indian families to the brink; Nike predicts $1bn cost increase from Trump tariffs.

Rising school fees push Indian families to the brink
Rising school fees push Indian families to the brink

Capital Business

Pound hits near 4-year high as Trump rattles dollar
Pound hits near 4-year high as Trump rattles dollar

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Pound hits near 4-year high as Trump rattles dollar 53
Pound hits near 4-year high as Trump rattles dollar 53

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