Nike shares soar on its production shift away from China, but warns of a $1 billion tariff hit
- Posted on June 27, 2025
- By Yahoo News
- 2 Views
Nike shares soar on its production shift away from China, but warns of a $1 billion tariff hit
Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. Nike is not the first retail company to warn of price hikes when students are heading back to school. Walmart also cited higher costs from tariffs.
