Nike Stock Plunges as Low-Wage Factories in China, Vietnam, Indonesia Face Trump’s Tariffs

Breitbart ^ | 04/03/2025 | John Binder

[ChicagoConservative27]

Nike stock is plunging on Thursday, the day after President Donald Trump announced reciprocal tariffs that will end the nation’s decades-long free trade policy.

“NKE was last seen 11.3% lower at $57.62, as investors digest the long-term impact of rising supply chain costs on the company’s margins,” Schaeffer’s Investment Research reports. “The stock is set to snap a three-day win streak, extending its late-March post-earnings bear gap and hitting its lowest level since November 2017. Nike stock now carries a 23.5% year-to-date deficit.”

On Wednesday evening, Trump announced reciprocal tariffs — adding a 34 percent tariff on China, a 46 percent tariff on Vietnam, a 49 percent tariff on Cambodia, a 32 percent tariff on Indonesia, and a 36 percent tariff on Thailand, among a long list of others.

[ChicagoConservative27]

I should care, why

[wildcard_redneck]

Like I care that a retail front for the ChiComs suffer.

[UnwashedPeasant]

We outsource slavery to countries like China so we can benefit from it while acting superior.

This is the system defended by Democrats and Rand Paul.

Tariffs take away the advantage of foreign slave labor.

[SaveFerris]

[Nike Stock Plunges as Low-Wage Factories in China, Vietnam, Indonesia Face Trump’s Tariffs]

[Resolute Conservative]

Agreed.

[FlingWingFlyer]

I’ll bet this make the RATS sad. They like to blow smoke about slave labor but they love it. Even all of the illegal aliens are showing up at the border saying, “I’m not going to do slave labor”.

[Sarah Barracuda]

GOOD..Nike has a huge factory in Vietnam, probably pays 5 bucks a day for these cheap labor workers to make shoes that they ship back here and charge 200 bucks for greedy bastards

[Sequoyah101]

Will prices go up or profits go down on nike goods?

[suasponte137]

Couldn’t happen to a nicer woke company.

Maybe they should renew their advertising contracts with Colon Kaepernick or Megan Rapinoe......they ought to help offset the loss with increase sales (LOL!)

[linMcHlp]

I imagine that the guys in the water-borne shipping business and industries, are probably looking at tons of floating steel, and wondering, "What next?!"

Washington Post:

Women and LesBiGayQueryTransformers hardest hit/hurt

[SaxxonWoods]

Vietnam already made a deal.

[Scrambler Bob]

EEK

My shoes have “N” on them.

Oh, Whew, it’s New Balance, not Nike.

(but, where are New Balance from?)

[rfp1234]

Nominally it’s based in Maine, but the shoes are made in Indonesia and other countries.

[central_va]

Since they charge ridiculous prices for shoes then they can afford to make them here.

[central_va]

The latter.

[Scrambler Bob]

Maine

USA, but ???

Do they have slave labor?

[A_perfect_lady]

Oh, I want to see Nike go down. They use slave labor, and then hire black athlete/race hustlers like Colin Kaepernick to shame America about slavery that ended 160 years ago.

[bayliving]

Breitbart misspelled slave labor, sweat shops.

[Sequoyah101]

I figure as do most others it appears.

[Mr. Lucky]

My shoes are workboots and they’re made by Thorogood in the USA.