US EditionNike, Columbia Sportswear stocks fall after Trump announces tariff hikes
- President Trump announced increased tariffs on Wednesday affecting goods from Vietnam and China.
- These tariffs followed a trend of American brands relying on Asian manufacturing to cut costs.
- The new tariffs included 46% on Vietnamese imports and 34% on Chinese goods effective April 9th.
- Peter Baum stated that his apparel firm cannot survive such sweeping trade changes.
- Analysts warn that the tariffs could disrupt supply chains and raise consumer prices.
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Here’s how much more Nike’s Air Jordans could cost after tariffs hit
Those looking to pick up a pair of the brand's Air Jordan 1 High sneakers could shell out an extra $18 bucks on top of their current $180 price tag when the new tariff goes into effect April 9, industry sources told The Post.
·New York, United States
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Donald Trump's tariffs hit major brands including Nike and H&M - full list - The Mirror
Major brands have been feeling the impact of Donald Trump's newly announced 'Liberation Day' tariffs, with Nike, Adidas and Puma among the big names to suffer huge losses already
·London, United Kingdom
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Total News Sources57
Leaning Left9Leaning Right6Center8Last UpdatedBias Distribution39% Left
Bias Distribution
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39% Left
L 39%
C 35%
R 26%
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