Nike announced it will increase prices between $2 and $10, depending on the product, with the added costs starting June 1, USA Today reported. Nike did not specifically say tariffs when introducing the new price structure, but said it was part of its seasonal planning, according to Reuters.

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".