Nike stocks have plummeted following the announcement of President Trump’s 46% tariff on Vietnam.
Nike stocks fell 6% following the tariff announcement.
The Trump administration also placed a 32% tariff on Indonesia and a 34% tariff on China.
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Vietnam, Indonesia and China combined make up 95% of Nike’s manufacturing.
Nike stock right now – the company has >450,000 employees across 130 factories in Vietnam (46% tariff rate) pic.twitter.com/9irIE3j5cW
— Mike Bird (@Birdyword) April 2, 2025
Per WSJ:
Nike shares fell 6% after President Trump announced reciprocal tariffs of 46% on Vietnam, 32% on Indonesia and 34% on China. Suppliers in Vietnam, Indonesia and China make 95% of the sneaker company’s manufactured goods.
Like most U.S. footwear brands, Nike has long relied on Asia factories
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