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Nike Surges 10%+ in After-hr Trading Session, to Reduce Production in CN to Mitigate US Tariff Impact
Nike (NKE.US) said during its results conference call that it will reduce its reliance on production in China to mitigate the impact of US import tariffs. The Company expected its ...
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Nike Surges 10%+ in After-hr Trading Session, to Reduce Production in CN to Mitigate US Tariff Impact
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Nike (NKE.US)      said during its results conference call that it will reduce its reliance on production in China to mitigate the impact of US import tariffs. The Company expected its 1FQ revenue decline to be less than anticipated, which prompted a 10.73% surge in its stock price to US$69.25.

If the US imposes comprehensive tariffs on imports from major trading partners, the Company's costs could increase by approx. US$1 billion. Currently, about 16% of the shoes imported into the US by Nike are produced in China, Nike added.

Related NewsMinsheng Securities: CN May Profit of Industrial Firms Drops 9.1% as Tariff Impact Begins to Emerge
However, with production shifting to other countries, this proportion is expected to decrease to a high single-digit percentage range by the end of May 2026.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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