Nike officials have warned that the return of the struggling sports giant faces a major obstacle as $ 1.5 billion. Trump administration‘S TariffThe company estimated three months before the $ 1 billion figure.
But the Oregon-based company is carefully optimistic that it can reverse its recent recession, thanks to posting stunning sales in the last quarter.
“Nike’s journey back back to greatness,” CEO Elliot Hill Said Tuesday during an analyst call. “The progress will not be linear, but the direction.”
Other big American companies have warned of equal costs, Apple To present in August that it will face $ 1.1 billion in tariffs related costs In the next quarter.
Impact of administration Tariff’s sometimes developed rosterMany of which have kicked during August, started coming out in a broad economy.
Small businesses, often lack of resources of a large company for stockpile materials or other pre -causes, have also reported to feel the squeeze Tariff,
“It is difficult to breathe,” Brandon Mills, the owner of a business in Las Vegas, which produces custom apparel and goods, has been imported from China, most of it has been imported from China, told the new York Times This week.
In addition to the current tariff, which has brought more and more $ 214 billion in revenue For the government, the Trump administration has announced a host New LevyPharmaceuticals, cabinets, upholstered furniture and potential 100 percent tariffs on foreign films and tariffs on heavy trucks.
A survey by Yale Business Professors The CEO found that about two-thirds said that Tariff hurt his business and a high part in the performance of the economy under Trump was also disappointed.
Jeffrey Sonanfeld told CNN last month, “What they don’t like about tariff policies, and in this way, and what will talk about Fed’s freedom.” “But more than anything, it has corrosive effects, and a danger to the free enterprise system, not a working democracy.”
Furthermore, last month, the CEO of JP Morgan warned that many of the biggest impacts of tariffs, which he predicted earlier this year, could be felt yet.
“I think you be careful on that one because some of these things have long cycles,” Dimon Said in an interview.
The Supreme Court is currently Reviewing the validity of the president’s tariffThe lower federal courts found that the White House lacked Aadhaar to implement emergency measures.