Under Armour stock plunges after Trump announces reciprocal tariffs [CBS News]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: CBS News
UA is one of many companies seeing stock drops after President Trump's "Liberation Day" tariffs, which targeted about 60 countries. President Trump enacted a universal 10% tariff on all imports to the U.S. effective April 5, with additional "reciprocal tariffs" ranging up to 49% for countries deemed to impose unfair trade barriers, effective April 9. In February, Under Armour told the Baltimore Banner that Mr. Trumps tariff proposals weren't expected to impact the company significantly. But in an email to the Banner Thursday, Under Armour's Vice President of investor relation said, "Given the dynamic nature of various tariff policies to date with respect to depth, breadth, and tenure, we will await more details and then assess potential business impacts to determine what, if any, actions we may or may not [choose] to employ," How do tariffs work? Tariffs are taxes imposed on imported goods. They are typically charged as a percentage of the transaction price that a buyer pays
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