Nike Expects To Take $1B Hit From Trump's Tariffs, CFO Says

1. Nike could lose $1 billion from Trump administration's tariffs. 2. CFO plans to mitigate tariffs by reallocating supply lines. 3. China currently supplies 16% of Nike's U.S. footwear. 4. Nike aims for gradual price increases to offset costs. 5. Company's stock jumped 9% after reports of better-than-expected earnings.