You are the one claiming it will take years until the "dust settles".
I would reply that the impacts on the markets based on perception took hours.
The perceptions can change back quickly.
I am not sure the goal is to start making shoes in the US again, but to be on a more level trading field with our
trading partners.
Reading comprehension.
I wrote, Nike (and other manufacturers) aren't going to make any investment decisions until the "dust settles" - i.e., what the final, final trade deal is with, say, Vietnam. And it's not clear what that trade deal is because, per Trump, it's not JUST tariff rates, but (alleged) trade barriers. So no one can predict what that final trade deal will be....will it be ALL reduction in tariffs? Will it be ALL non-tariff stuff (reductions in trade barrier), a combo?
Why would Nike make a long-term investment decision until that ^^^ is resolved.
And, that's NOT going to be resolved in 8-weeks.
And, let's assume that it is resolved in 8-weeks, what level of confidence that you have - as a Nike executive - that Trump's "deal" isn't going to be unwound by the next POTUS (as Trump has unwound 100 years of US trade policy)??
You don't think the goal is to start making shoes in the US again??? Then what is the goal? Because he says bringing manufacturing back to the US *is* the goal.
Oh "to be on a more level trading field with our trading partners"???
Vietnam is a third-world, "shit hole" (Trump's words) country. The US is a first-world (or used to be), financial powerhouse fueled by consumerism.
The average Vietnamese makes approx. $3,000 (USD) per year....the average American makes $30,000 (USD) -- no matter how you slice it, Americans can buy a whole lot more from Vietnam than Vietnam can buy from the US.
And, no matter how you slice it, wages in Vietnam will be well below wages in America.
What's a "fair trade" deal with Vietnam?
I also ask (for the billionth time) -- how does one eliminate a trade deficit between the US and Vietnam given those undisputed facts?