Nike Shifts Production and Raises Prices to Mitigate $1 Billion Tariff Cost

Nike said Thursday (June 26) that the new U.S. tariffs currently in place will cost the company about $1 billion.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The footwear and apparel company is working to mitiga ...