Impact of Reciprocal Tariffs on Nike Stock
Nike stock is plunging after President Trump announced reciprocal tariffs on various countries, impacting the company's supply chain costs and margins. The tariffs have led to a significant drop in Nike's stock price and year-to-date deficit.
Key Points
- Nike stock is down 11.3% after Trump's announcement of reciprocal tariffs
- The tariffs are affecting Nike's supply chain costs and margins
- Nike has significant operations in China, Vietnam, Cambodia, Thailand, and Indonesia, which are targeted by the tariffs
- Average salaries in countries where Nike operates factories are much lower than in the U.S.