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Stock impact report

Billionaire Bill Ackman gives 7-word warning on tariff war [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
The S&P 500 dipped 0.23%, while the tech-heavy Nasdaq gained 0.1%. Uncertainty still hangs over Wall Street. Investors are now wondering if the worst of the selloff is over or whether a global trade war is just beginning. Don't miss the move: Subscribe to TheStreet's free daily newsletter Higher tariffs mean companies will pay more for imported goods, pressuring them to either pass on the higher cost to consumers or reduce their profit margin. This could likely push the already stubborn inflation higher and further slow economic growth. On April 7, Trump threatened to impose an additional 50% tariff on China's imports if Beijing did not withdraw its retaliatory tariffs on U.S. exports. Prior to that, he imposed a 34% reciprocal tariff on Chinese goods, and Beijing retaliated with the same tariff rate. Aside from China, the U.S.'s biggest economic rival and third-largest trading partner, Trump has opened the door to negotiations with other countries. "Negotiations with Show less Read more
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