Why Nike Stock Was Sliding Today

Shares of Nike (NYSE: NKE) were moving lower today, seemingly in response to President Trump's decision yesterday to reinstitute the reciprocal tariffs he had originally issued in April on several Asian countries as of Aug. 1.Nike, which imports much of its product from Asia, with Vietnam and China being its two biggest manufacturing markets, was seen as a potential loser on the news, even though those two countries weren't included in the announcement.As of 2:20 p.m. ET., Nike stock was down 3.2%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool