Nike announces that President Trump's tariffs may increase its costs by $1 billion this year, prompting the company to shift production away from China. Amidst fluctuating trade policies, what does this mean for sneaker prices?
Nike might soon change its famous slogan to 'Just Pay More' as a new 46% tariff on footwear from Vietnam could increase sneaker prices significantly. Expect Air Jordans and other models to cost more starting April 9.
