Peter Schiff Says Nike 'Won't Build Factories' In US, They Will Sell To Countries Like China: A Much Better Strategy Amid Trump Tariffs

Peter Schiff warned on Thursday that Nike Inc. won’t shift production to the United States despite newly imposed tariffs, predicting higher prices and reduced domestic sales for the footwear giant. What Happened: “Nike won’t build factories in the U.S. to make sneakers. That would add more cost than the 40% tariffs,”...