Nike heads for biggest quarterly drop since 2008
BNN Bloomberg
Nike shares are on track for their worst quarter since 2008.
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In a strategic election-year manoeuvre, U.S. President Joe Biden has introduced substantial tariff increases on various Chinese goods, aiming to strengthen domestic production in crucial sectors. Although the move is aimed at protecting American labour and businesses from what Biden deems unfair practices, the impact could be huge if Canada follows suit.