Nike, one of the world’s most iconic footwear brands, is facing significant financial turbulence after President Donald Trump announced sweeping new tariffs on imports from nearly all U.S. trading partners.
The new tariffs have sent shockwaves through the apparel and footwear industries, causing Nike’s stock to plummet by more than 13% in pre-market trading on Thursday.
This dramatic decline has wiped out around $10 billion in market value for the company.
However, we expect increase in revenue as world cup is approaching
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