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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
1 posted on 04/03/2025 10:58:53 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

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


2 posted on 04/03/2025 11:00:29 AM PDT by wildcard_redneck ( )
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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. )
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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 ......)
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To: UnwashedPeasant

Agreed.


5 posted on 04/03/2025 11:07:30 AM PDT by Resolute Conservative
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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.)
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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


7 posted on 04/03/2025 11:13:50 AM PDT by Sarah Barracuda
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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.)
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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!)


9 posted on 04/03/2025 11:18:20 AM PDT by suasponte137
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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
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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)
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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)
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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)
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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...)
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To: Sequoyah101

The latter.


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...)
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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)
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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)
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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 )
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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.)
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To: Scrambler Bob

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


20 posted on 04/03/2025 12:44:50 PM PDT by Mr. Lucky
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