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Your favorite sneakers are about to get more expensive. Last Week, Nike Said It plans to raise the prices of many of its produces by june 1. Industry Analysts Expects that two of the sports brands’ Biggest rivals, adidas and puma, Will soon roll out Similar Increas, Although Neither Has Confirmed Changes Yet.
ATHLETIC APPAREEL AND SENEAKERS ARE ESPECIALLY VULNERLY TO PRESIDENT Trump’s Steep Tariff Policy. Nike and Its Peers Manufacture Most of their Products in Asia, especialy in China and Vietnam, which Trump has targeted with some of the highest tariffs in recent months. Currently, US Tariffs on Goods from China Start at 30 Percent (Although Rates are actually Higher Depending on The Product Category), while imports from vietnam are at 10 percent but set to increes to 46 percent in july.
At Nike, The Price Hikes Will Range Between $ 2 and $ 10. Shoes Priced BetWeen $ 100 and $ 150 Will Go Up By $ 5, while Shoes Price Over $ 150 Will Go Up By $ 10. Air Force 1’s, Howver, Will Stay at $ 115. In a Statement Shared with CnbcNike Didn’t Blame Tariffs for the Pricing Changes, but Called It Regular “Seasonal Planning.” Swimming the T-Word Might Also Be Strategic: In Recent Weeks, Trump Scolded Walmart on Truth Social For Saying It Wold Probably Raise Prices Because of Tariffs. Other Big Public Retaillers, Including Home Depot and Target, Have Since Signalled to Shareholders that they will also also raise prices with Explicitly blamy tariffs.
Its not just nike and adidas that are set to increes sneaker prices. In May, on, the Swedish Running Brand Whose Campaigns are Front by Zendaya, ALSO ANNOOUNCED IT HIKE THE PRICES OF ITS POPULARS SNEAKERS THIS – NOTE OF TARIFFS, IT TOPENT ITSELF as a More “Premium” Brand.