Name: Nike soars on a production shift away from China
Uploaded: 2025-06-28T03:38:54+00:00
Duration: 52 s
Description: Nike shares surged 15% Friday after the company announced plans to shift production away from China to reduce exposure to U.S. tariffs, which are expected to cost the company $1 billion. Starting this

3 months ago

News

Nike shares surged 15% Friday after the company announced plans to shift production away from China to reduce exposure to U.S. tariffs, which are expected to cost the company $1 billion.

Starting this fall, Nike will implement targeted price increases in the U.S. to offset the impact.

The company said it will reduce China-based production from 16% to single digits by 2026, the Associated Press has reported.

Despite reporting better-than-expected earnings, Nike faces slowing consumer spending and rising economic uncertainty, along with brand fatigue and growing anti-U.S. sentiment in China.

👍 Like this video if you want more business and company news!

💬 Comment below—will you keep buying Nike if prices go up? What do you think of their plan to leave China?

🔗 Share this with anyone following stocks, tariffs, or the sneaker industry.

💰 Support our reporting by hitting the Thanks button on YouTube!

👉 Don’t forget to subscribe for more updates on business, markets, and global trade.
Thanks for watching and supporting our channel!

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191