As early as last month, Nike announced that he would increase prices due to the customs in imports. Work on reducing costs is underway, including reducing shipping from China to the United States. The goal is to reduce the amount of footwear produced in China and imported from the current 16% on the “high-digit” number, with the shoes from China to be “redirected to other countries world,” Index transmits.
According to the current agreement between Washington and Beijing, Customs in Chinese goods amount to 30%. Consumers would grow the price should begin to feel the detention. The latest customs warning comes after Nike achieved the worst quarterly results in more than three years.
The revenues amounted to $ 11.1 billion, which is the lowest level since the third quarter of 2022.
CEO Nikea Elliott Hill returned from pension last year to retrieve the leading position in the company. He believes that the worst consequences of trade wars have already felt and that now will start blowing “opposite winds” that will alleviate the negative effects of customs.
(Vijesti.ba)
