Nike, Skechers, Foot Locker and More Footwear Stocks Soar on Trump’s Latest Tariff Move

April 9, 2025

Shares of Nike, Deckers, Skechers, Wolverine Worldwide and more surged on Wednesday afternoon following President Trump’s move to place a 90-day pause on his previously announced reciprocal tariffs on most of 75 of the country’s key trading partners.

Footwear is in the spotlight as one of the most impacted categories from these reciprocal tariffs, with Asian countries like Vietnam and Cambodia — where a large portion of shoes sold in the U.S. are produced — were facing tariffs as high as 50 percent.

Nike, which makes half of its footwear in Vietnam, closed the day with its stock up 11 percent. Deckers shares rose more than 13 percent, while Skechers shares have increased more than 11 percent, Wolverine Worldwide has seen shares jump 22 percent and Crocs is up 11 percent. VF Corp., parent of Vans and Timberland, jumped nearly 28 percent. Footwear News