Nike to cut China output for US market to ease tariff blow
BENGALURU: Nike said it would cut its reliance on production in China for the US market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue, sending its shares up 11% in extended trading. US President Donald Trump’s sweeping tariffs on imports from key trading partners could add… Continue reading Nike to cut China output for US market to ease tariff blow