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Nike Stock Plunges as Low-Wage Factories in China, Vietnam, Indonesia Face Trump’s Tariffs
Breitbart ^
| 04/03/2025
| John Binder
Posted on 04/03/2025 10:58:53 AM PDT by 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.
(Excerpt) Read more at breitbart.com ...
TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: boofrickinghoo; china; face; factories; indonesia; lowwage; nike; plunges; stock; tariffs; vietnam
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I should care, why
To: ChicagoConservative27
Like I care that a retail front for the ChiComs suffer.
To: ChicagoConservative27
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.
3
posted on
04/03/2025 11:04:47 AM PDT
by
UnwashedPeasant
(The pandemic we suffer from is not COVID. It is Marxist Democrat Leftism. )
To: ChicagoConservative27
[Nike Stock Plunges as Low-Wage Factories in China, Vietnam, Indonesia Face Trump’s Tariffs]
4
posted on
04/03/2025 11:06:10 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
To: UnwashedPeasant
To: ChicagoConservative27
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”.
6
posted on
04/03/2025 11:10:21 AM PDT
by
FlingWingFlyer
(If you're an average "middle American", white supremacist Sen. Chrissy Coons called you stupid.)
To: ChicagoConservative27
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
To: ChicagoConservative27
Will prices go up or profits go down on nike goods?
8
posted on
04/03/2025 11:14:49 AM PDT
by
Sequoyah101
(Donald John Trump. First man to be Elected to the Presidency THREE times since FDR.)
To: ChicagoConservative27
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!)
To: ChicagoConservative27; rlmorel
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
10
posted on
04/03/2025 11:23:20 AM PDT
by
linMcHlp
To: ChicagoConservative27
Vietnam already made a deal.
11
posted on
04/03/2025 11:27:52 AM PDT
by
SaxxonWoods
(The road is a dangerous place man, you can die out here...or worse. -Johnny Paycheck, 1980, Reno, NV)
To: ChicagoConservative27
EEK
My shoes have “N” on them.
Oh, Whew, it’s New Balance, not Nike.
(but, where are New Balance from?)
12
posted on
04/03/2025 11:36:34 AM PDT
by
Scrambler Bob
(Running Rampant, and not endorsing nonsense; My pronoun is EXIT. And I am generally full of /S)
To: Scrambler Bob
Nominally it’s based in Maine, but the shoes are made in Indonesia and other countries.
13
posted on
04/03/2025 11:37:52 AM PDT
by
rfp1234
(E Porcibus Unum)
To: UnwashedPeasant
Since they charge ridiculous prices for shoes then they can afford to make them here.
14
posted on
04/03/2025 11:39:21 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: Sequoyah101
15
posted on
04/03/2025 11:39:56 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: rfp1234
Maine
USA, but ???
Do they have slave labor?
16
posted on
04/03/2025 11:42:41 AM PDT
by
Scrambler Bob
(Running Rampant, and not endorsing nonsense; My pronoun is EXIT. And I am generally full of /S)
To: ChicagoConservative27
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.
17
posted on
04/03/2025 11:49:19 AM PDT
by
A_perfect_lady
(The greatest wealth is to live content with little. -Plato)
To: ChicagoConservative27
Breitbart misspelled slave labor, sweat shops.
18
posted on
04/03/2025 12:05:22 PM PDT
by
bayliving
(I am a sufferer of DITS - Democrat Induced Touretts Syndrome )
To: central_va
I figure as do most others it appears.
19
posted on
04/03/2025 12:16:07 PM PDT
by
Sequoyah101
(Donald John Trump. First man to be Elected to the Presidency THREE times since FDR.)
To: Scrambler Bob
My shoes are workboots and they’re made by Thorogood in the USA.
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