Nike plans to reduce China production to soften US tariff blow, shares jump
From Investing.com: 2025-06-26 19:00:00
Nike announced plans to shift some production out of China to mitigate the impact of US tariffs. The move caused a surge in Nike’s shares, as investors reacted positively to the news. This decision comes as tensions between the US and China continue to escalate, affecting various industries.
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