Trade pain, stock gain: Nike shares jump 15% as it shifts production from China; braces for $1 bn tariff blow, price hikes ahead

Nike shares rose after announcing a production shift from China. The company anticipates tariff costs of $1 billion. Price increases are expected in the US this fall. Nike aims to reduce Chinese footwear production to single digits by 2026. Trade agreement details between the US and China remain unclear.

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