Nike Shares Tumble After Trump Puts 46% Tariff on Vietnam -- WSJ

Dow Jones

Apr 03, 2025

By Inti Pacheco

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 to produce its products. Nike had shifted away from China as its main manufacturing partner to countries like Vietnam and Indonesia.

Shares of Skechers, Deckers, Crocs also fell on the news.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 02, 2025 16:59 ET (20:59 GMT)

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Suppliers in Vietnam, Indonesia and China make 95% of the sneaker company's manufactured goods. \n</p>\n<p>\n     Like most U.S. footwear brands, Nike has long relied on Asia factories to produce its products. Nike had shifted away from China as its main manufacturing partner to countries like Vietnam and Indonesia. \n</p>\n<p>\n     Shares of Skechers, Deckers, Crocs also fell on the news. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2025 16:59 ET (20:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4534","symbol_name":"瑞士信贷持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524744183","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524744183","pubTimestamp":1743627540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Nike shares fell 6% after President Trump announced reciprocal tariffs of 46% on Vietnam, 32% on Indonesia and 34% on China. 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Suppliers in Vietnam, Indonesia and China make 95% of the sneaker company's manufactured goods. \n\n\n     Like most U.S. footwear brands, Nike has long relied on Asia factories to produce its products. Nike had shifted away from China as its main manufacturing partner to countries like Vietnam and Indonesia. \n\n\n     Shares of Skechers, Deckers, Crocs also fell on the news. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  April 02, 2025 16:59 ET (20:59 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}