The sporting goods manufacturer Nike will increase the prices of many products in the United States from June 1st.
The US sports director confirmed this to the AFP news agency on Wednesday. Nike does not call a specific reason for this price adjustment, but the step takes place at a time when new US import duties came into force.
Exceptions to the price increase apply to children’s products, items under $ 100 (equivalent to 88.47 euros), Air Force 1 sneakers and non-footwear products from Jordan. For sneakers that currently cost between $ 100 and $ 150, the price increases by a maximum of $ 5. For models over $ 150, the price increase can be up to $ 10.
“As part of our season planning, we regularly evaluate our activities and make price adjustments if necessary,” says Nike.
Nike produces most of its products in China, Vietnam and Indonesia. At the beginning of April, former President Donald Trump introduced new imports for all the United States trading partners. Part of it was temporarily suspended for a period of 90 days a week later to create space for trade agreements. Most imports are currently subject to 10 percent. A set of 30 percent even applies to products from China.
When asked whether the price increases are related to these tariffs, Nike replied that price changes were never due to a single factor, but the result of several considerations.
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