Nike Shares Down Pre-Bell Following Trump Tariff Announcement

, MT Newswires -  6:28 AM ET 4/3/2025 default

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06:28 AM EDT, 04/03/2025 (MT Newswires) -- Nike ( NKE ) shares were down more than 9% in recent premarket activity Thursday, a day after US President Donald Trump announced tariff hikes on several major apparel-exporting countries.

Trump said after the market closed on Wednesday that he will impose a 46% tariff on Vietnam, a 49% tariff on Cambodia, a 37% tariff on Bangladesh, and a 32% tariff on Indonesia, as well as 54% tariffs on all Chinese imports into the US.

Nike ( NKE ) sources a large portion of its products from these countries, and the tariff changes are expected to raise supply chain costs.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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