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Economy

Bernardo de La Paz

(54,153 posts)

1. Cramer makes an excellent point about companies like Nike "doing the right thing" and getting slammed by tariffs

Reply to Eugene (Original post)

Sat Apr 5, 2025, 07:38 PM

Saturday

Nike and RH (furniture) responded to US government pressure on manufacturing in China by moving a lot of production to Vietnam and India. So, what does tRump do? Drops heavy tariffs on Vietnam and India. Nike stock took a bigger hit than most and RH had something like a 70 percent drop over two days.

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Highlight:

'China plus one' bets unravel as Southeast Asian economies get steep 'Liberation Day' tariffs [View all] Eugene Saturday OP

Cramer makes an excellent point about companies like Nike "doing the right thing" and getting slammed by tariffs Bernardo de La Paz Saturday #1