As Trump‘s tariffs continue to hit major retailers across the country, Nike plans to raise prices on many of its products sooner than expected. Although the new prices are supposed to go into effect on June 1,

Markets fell sharply as investors reacted to concerns over President Trump's budget plan and rising consumer prices. Nike announced it will raise shoe prices by up to $10 next month, following Walmart’s similar move,

American consumers can expect to see increased prices for Nike products starting next month. According to a report from Complex, price increases will range from $2 to $10. “We regularly evaluate our business and make pricing adjustments as part of our seasonal planning,” Nike said in a statement to Complex.