Nike to cut China reliance to ease tariff hit, sending shares soaring | REUTERS

Nike said it will reduce its dependence on Chinese manufacturing for the US market to offset the impact of US tariffs. The company also projected a smaller-than-expected drop in first-quarter revenue, sending shares up. #nike #tariffs #markets #china #retail #business #News #Reuters #Newsfeed Read the story here: https://reut.rs/3G9WDVq 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en