SG Talk

What Happened: “Nike won’t build factories in the U.S. to make sneakers. That would add more cost than the 40% tariffs,” Schiff wrote on X. “The result will be fewer sneakers sold in the U.S. at much higher prices.”

https://finance.yahoo.com/news/peter-schiff-says-nike-wont-180018691.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAIY1xdLWXVxiT6AJzL6HVr7Ux90x3y36lqJegVUlb5j30m3I6x5mkKNLM8xMih9jS1bRwIzXGrG_l9L0rBxrOMRFK2v3g8v2J0EadGyjVLrDuxwJvJOY54ZJmUIzIm_7-FtMQ-OnNgTOdisKjSdmtdspnWCbR5VbA7v0Tf4t5qfc

Didn't know Nike's CEO ish Peter Schiff, later ganna sabo by this economist jiao wei for nothing and tio target by siao lang administration for fixing. After all Nike even don't want to build factories in US, can always quietly move to other countries with smaller tariffs than AT land one, no need to purposely go provoke that siao lang openly.

People will go for holiday in China, Thailand . ..

to do more shopping in the future

(08-04-2025, 10:36 AM)Soulhacker Wrote: [ -> ]Didn't know Nike's CEO ish Peter Schiff, later ganna sabo by this economist jiao wei for nothing and tio target by siao lang administration for fixing. After all Nike even don't want to build factories in US, can always quietly move to other countries with smaller tariffs than AT land one, no need to purposely go provoke that siao lang openly.

Are you stewpig?

You know how to read or not? No one is saying Nike builds factories in China, but sell to China and dun sell to USA

(08-04-2025, 10:36 AM)Soulhacker Wrote: [ -> ]Didn't know Nike's CEO ish Peter Schiff, later ganna sabo by this economist jiao wei for nothing and tio target by siao lang administration for fixing. After all Nike even don't want to build factories in US, can always quietly move to other countries with smaller tariffs than AT land one, no need to purposely go provoke that siao lang openly.

Nike's CEO is Elliot Hill. Schiff is in finance.

Nike's factories are mostly in Vietnam. Other major locations are Thailand and Indonesia. China and Cambodia also have major operations if Nike has not moved out yet.