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Stock impact report

Nike stock tanks along with other footwear retailers on Trump tariffs [Yahoo! Finance Canada]

Deckers Outdoor Corporation (DECK) 
Last deckers outdoor corporation earnings: 1/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.deckers.com
Shares of the sneaker giant tumbled as much as 13% on Thursday morning and are expected to hit their lowest level since November 2017. As of April 5, all imports will face a baseline tariff of 10%. On April 9, some 60 countries will get a higher rate. China is facing a 34% reciprocal tariff on top of the 20% tariff already in place, making it a total of 54%. Vietnam is facing a 46%, and Indonesia 32%. Nike sources 11% of its products from China, 44% from Vietnam, and 21% from Indonesia. "What President Trump presented ... was a little bit more aggressive than what I think many people were hoping," Telsey Advisory Group's Joe Feldman told Yahoo Finance. Many retail companies "thought they were off the hook for a while because they didn't have a lot of exposure to China, or not a lot to Canada, Mexico ... [they're] clearly rethinking everything right now." Prior to Wednesday's announcement, Nike expected tariffs would hit its fourth quarter margins, but only based on the previo Show less Read more
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