Trump Tariffs: 2 Retail Socks Selling Off
Portfolio Pulse from
Nike Inc and Lululemon Athletica Inc shares are declining due to new tariffs imposed by President Trump on Mexico, Canada, and China.
February 03, 2025 | 4:00 pm
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NEGATIVE IMPACT
Lululemon Athletica Inc shares are declining due to a 25% tariff on Mexico and Canada and a 10% levy on China imposed by President Trump.
The imposition of tariffs on key markets like Mexico, Canada, and China can increase costs for Lululemon, potentially affecting its profitability and leading to a decline in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nike Inc shares are declining due to a 25% tariff on Mexico and Canada and a 10% levy on China imposed by President Trump.
The imposition of tariffs on key markets like Mexico, Canada, and China can increase costs for Nike, potentially affecting its profitability and leading to a decline in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80