Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump's tariffs, the activewear giant announced Thursday.

Nike shares rose 9.2% in Frankfurt on Friday, a day after the company forecast a smaller-than-expected drop in first-quarter revenue, and said it would cut its reliance on production in China for the ...

New York (CNN) — Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the activewear giant announced Thursday.

— Nike (@Nike) June 6, 2025. Kipyegon won the Olympic 1 500m title at the 2016, 2020 and 2024 Games and the world title in 2017, 2022 and 2023, when she also took 5 000m gold.

See the Craftsman Truck Series Power Rankings heading into the first road-course race of 2025 at Lime Rock Park (Sat., 1 p.m. ET, FOX).

Federal Reserve Chair Jerome Powell is set to testify before Congress this week, and the Fed’s preferred inflation gauge is also due. Nike and FedEx are among the companies set to report earnings.

It had previously sold surf and skate wear from a range of brands, including Adidas, Billabong, Levi's, The North Face and Nike. 9news.com.au has contacted SurfStitch's administrators for comment.