Economist Peter Schiff warned on Thursday that Nike won’t shift production to the United States despite newly imposed tariffs, predicting higher prices and reduced domestic sales for the ...

Economist Peter Schiff has given a piece of advice to footwear company Nike as the firm might suffer the fiscal impact of US president Donald Trump's recently imposed new tariffs, as per a report.

Economist Peter Schiff issued a stark warning on Thursday, stating that Nike Inc. is unlikely to relocate its manufacturing operations to the United States in response to new tariff measures.

Economist Peter Schiff has predicted that Nike will not establish U.S. factories to produce sneakers due to high tariffs. Schiff argues that 40% tariffs make domestic production economically ...

Schiff also weighed in on how Trump's tariffs could affect major American brands. In a post last week, he said Nike won't be shifting manufacturing back to the U.S. despite steep new tariffs.

Dailymotion Peter Schiff Says Nike 'Won't Build Factories' In US, They Will Sell To Countries Like China: A... Posted: April 4, 2025 | Last updated: April 4, 2025 Economist Peter Schiff warned on ...