2025-04-03Ravi Mehta
Nike ($NKE) shares plunged over 14% in a single day, hitting their lowest price since 2017 after the U.S. imposed a 46% tariff on footwear imports from Vietnam—a major manufacturing hub for the company. With over 530,000 employees in Vietnam, Nike now faces skyrocketing production costs, supply chain disruptions, and potential profit margin erosion.
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