BUZZ-Nike, Footlocker jump after Trump hits 90-day pause on tariffs, excluding China

Reuters04-09

** Shares of U.S. footwear retailers rise in afternoon trade

** President Donald Trump authorizes 90-day pause on reciprocal tariffs, but raises tariffs on China to 125%, effective immediately

** Tariffs on Asian countries were expected to hit margins for footwear companies, which moved production from China to Vietnam and other nations in recent years, according to analysts

** Shares of Nike up 10%, Footlocker FL.N 13%, Deckers Outdoor DECK.N 11% and Skechers USA 8.5%

** Stocks of other apparel firms including Under Armour UAA.N, Lululemon Athletica LULU.O and Levi's LEVI.N jump between 8% and ~17%

(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com))

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