Nike is set to increase the prices of its popular athletic shoes and apparel from $2 to $10 per piece in response to President Donald Trump’s incoming tariffs, according to a report. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

Nike is set to raise prices on some trainers and clothing in the US from early June, weeks after rival Adidas warned it would have to hike the cost of products due to tariffs. The sportswear giant did not name US tariffs explicitly as a reason for the increase, saying it regularly made "price adjustments".

Nike will join the chorus of companies slated to raise prices due to the onset of President Trump’s tariffs. Company executives are planning to increase costs for apparel and equipment sourced from overseas.