Footwear stocks are plummeting on Thursday as reciprocal tariffs hit key names within the sector like Nike (NKE).
“What President Trump presented … was a little bit more aggressive than what I think many people were hoping,” Telsey Advisory Group’s Joe Feldman told Yahoo Finance. Many retail companies “thought they were off the hook for a while because they didn’t have a lot of exposure to China, or not a lot to Canada, Mexico … (they’re) clearly rethinking everything right now.”
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