Those looking to pick up a pair of the brand’s Air Jordan 1 High sneakers could shell out an extra $18 on top of their current $180 price tag after the new tariff goes into effect April 9, industry sources told The Post. Some of Nike’s other popular sneakers could also spike by between $15 and $35, according to a Footwear News report.

Nike's current operating margin is around 10% whereas it's usually closer to 12%. At Nike's scale, that's a difference of roughly $1 billion in operating profit, which is a huge deal. In other words, if margins rebound, investors can expect Nike stock to respond favorably as well.

Nike has agreed to settle a sexual discrimination lawsuit brought by four ex-employees, ending a protracted legal battle that tarnished the company’s reputation.

Shares for many major brands tanked on Thursday after President Donald Trump announced steep new tariffs of countries that produce shoes and clothing.