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Nike says Trump tariffs could cost it $1bn

Sky News Friday, 27 June 2025 ()
Nike says Trump tariffs could cost it $1bnNike's costs will go up $1bn (£728m) this year if US President Donald Trump's tariffs remain at the current level, the company has told investors.
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Nike, Inc. Nike, Inc. American athletic equipment company


Donald Trump Donald Trump President of the United States (2017–2021; since 2025)

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President Donald Trump has confirmed a new trade deal with China focused on expediting rare earth shipments to the U.S. After secretive negotiations in London, Beijing has agreed to ease export controls while Washington lifts several restrictive measures. This breakthrough follows accusations of non-compliance after the Geneva pact in May. The fragile agreement signals a major de-escalation in the US-China trade standoff and could reshape the global tech and defense supply chain. Trump teased the deal during a high-profile event, declaring it a "big win" for American industry. #USChinaTradeDeal #TrumpChinaDeal #RareEarths #TradeWar #BreakingNews #GenevaAgreement #ChinaExports #USImports #TrumpTradePolicy #BeijingWashington #LondonTalks #ChinaTradeMinistry #TariffRelief #GlobalTrade #ExportControl #SupplyChainCrisis #ChinaUSRelations #RareEarthSupply #TradeBreakthrough #TrumpAnnouncesDeal ~ED.102~HT.408~

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A fierce clash erupted in the U.S. Senate after a classified briefing on the recent U.S. airstrikes on Iran's nuclear facilities. While Republicans praised the strikes as a major setback for Iran’s nuclear ambitions, Democrats cast doubt, with Sen. Chris Murphy bluntly saying Trump’s claims of “obliteration” don’t add up. Intelligence reports suggest Iran's program may have only been delayed by months—not years. As the truth behind the strike’s impact unfolds, partisan divisions are intensifying in Washington. #IranStrikes #TrumpNews #SenateClash #USPolitics #IranNuclear #ChrisMurphy #RepublicansVsDemocrats #BreakingNews #MiddleEastCrisis #OneindiaNews #Geopolitics #TrumpAdministration #USMilitary #IranTensions Also Read Iran's Khamenei Warns Against Future US Attacks After Ceasefire Agreement :: https://www.oneindia.com/international/irans-khamenei-warns-against-future-us-attacks-011-7784453.html?ref=DMDesc Iran's Guardian Council Approves Bill To Suspend Cooperation With IAEA :: https://www.oneindia.com/international/irans-guardian-council-approves-bill-to-suspend-cooperation-with-iaea-7784177.html?ref=DMDesc Mystery Shrouds Over Supreme Leader Khamenei’s Whereabouts As Iran Faces Military Crisis :: https://www.oneindia.com/international/mystery-shrouds-over-supreme-leader-khamenei-s-whereabouts-as-iran-faces-military-crisis-7783667.html?ref=DMDesc ~HT.318~ED.346~PR.274~GR.122~

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