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
Global shares were mostly higher on Friday as the week was winding down with the Israel-Iran ceasefire still in place and signs of progress on a China-U.S. trade deal.
