Home Fashion Nike to raise prices amid Trump tariffs

Nike to raise prices amid Trump tariffs

Nike to raise prices amid Trump tariffs


The costs of Nike footwear retailing for greater than $100 (£74.50) will rise by as a lot as $10 (£7.50).

The costs of clothes and tools will even be raised by between $2 and $10 (£1.50 and £7.50).

Nike manufactures its merchandise primarily in China, Vietnam, Indonesia and Thailand, which have all been hit by the Trump administration’s tariff hike, though the enterprise didn’t cite the elevated duties as a cause for the worth rises.

A spokesperson informed the BBC: “We recurrently consider our enterprise and make pricing changes as a part of our seasonal planning.”

Drapers has contacted Nike for remark.

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