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168 new news items in the last 24 hours
30 June 08:46

Nike announces reduced reliance on Chinese manufacturing amid new trade tariffs and optimizes its sourcing strategy.

Raluca Ioana Draghici
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Nike will significantly decrease production from China for the US market in response to new trade tariffs imposed by the Trump administration. Around 16% of Nike footwear sold in the US comes from China, but this will fall to single-digit figures by May 2026. The company will redistribute production to other countries and evaluate cost cuts at the corporate level. Although sales fell 12% in the fourth quarter, financial results beat expectations, and Nike expects a moderate revenue decline in the fiscal first quarter. Challenges in China remain significant, but analysts expect Nike will not lose significant market share.

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Nike își reduce dependența de China: Producția pentru SUA va fi relocată
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Nike reduce dependenţa de producţia din China pentru piaţa americană, pentru a atenua impactul tarifelor vamale impuse de Trump
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Profit.ro
Nike reduce dependența de producția din China pentru piața americană, pentru a atenua impactul tarifelor vamale impuse de Trump

ȘTIRI PE ACELEAȘI SUBIECTE

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US Commerce Secretary Howard Lutnick estimates that the US will collect $50 billion a month in tariffs, up from $30 billion.
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Economy
TSMC, Taiwan's biggest exporter, is exempt from the 100% tariffs on chips announced by Trump, but other Taiwanese manufacturers will be affected.
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International
The U.S. Department of Labor estimates a downward revision of 911,000 jobs created in the last year, highlighting a weaker labor market than previously thought.
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Swiss watch exports recorded a decrease of 16.4% in August, affected by US tariffs and the decline in China.
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International
Swatch has launched a special watch, 'WHAT IF…TARIFFS?', with the numbers inverted, in response to the 39% tariffs imposed by Trump on Swiss products.
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Economy
Shares in European semiconductor companies fell after Trump mentioned new tariffs on chip imports, hitting BE Semiconductor in particular.
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