Nike says Trump tariff war could cost it $1bn

Nike expects costs to increase by about $1bn (£728m) as a result of Donald Trump’s tariff war, as the sportswear company looks to significantly reduce its manufacturing in China.

The market value of the company has plummeted by a third over the past year and it is taking action to reduce the hit, including price increases in the US and sourcing from other countries.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.