Nike to raise US prices as firms face tariffs uncertainty

The US sportswear giant says its price increases are part of "seasonal planning".

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The sportswear giant did not name US tariffs explicitly as a reason for the increase, saying it regularly made "price adjustments".

Almost all of Nike's goods are made in Asia - a region targeted by President Donald Trump's tariffs.

The US has paused higher so-called "reciprocal" tariffs until July, but a "base" levy of 10% remains in place against a long list of countries.

Tariffs, which are a tax on imports, are almost always paid by the company that is importing the goods into a country rather than the business which makes the product.