Nike says Trump tariffs could cost it $1bn

Nike's costs will go up $1bn (£728m) this year if US President Donald Trump's tariffs remain at the current level, the company has told investors.It follows a warning from the sports brand last month that it would raise prices due to the taxes imposed on imports. Work to bring down costs is under way, including reducing supplies from China to the US.It's to reduce the amount of footwear made in China and imported to the US from 16% currently to a "high single digit" figure with Chinese supply being "realloc ...