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Nike shares soar on its production shift away from China, but warns of a $1 billion tariff hit AP NewsNike stock surges as company forecasts smaller sales, profit drops while tariff costs near $1 billion Yahoo FinanceNike says tariffs will cost it $1 billion before price increases, supply chain shifts CNBCNike expects Trump tariffs to cost it $1bn The Guardian
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As the U.S. and China finalized a trade agreement, Beijing pitched itself at the "Summer Davos" summit as an antidote to global economic "confusion and anxiety."
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