By Admin 
Whenever there is talk of good shoes in India, there is definitely a mention of Nike shoes. The shoes of this company are a bit expensive, that is why most of its shoes are seen in the feet of rich people.
however, now Donald Trump’s tariff has given a big shock to this company. This is the reason that the shares of this company fell to 6 fees on March 3. Let us know how US President Donald Trump’s decision has created trouble for Nike.
Not right for Nike "Liberation Day" On the occasion of the goods imported from Vietnam, an additional tariff of 46 percent was imposed. This decision has led to a huge decline in shares of big companies making sports goods, especially Nike. According to Bloomberg report, 50 percent of Nike’s shoes and 28 percent of clothes are made in Vietnam. Similarly, 39 percent of Adidas’s shoes also come from there.
Why Vietnam is so important?
Actually, lower labor costs, skilled workforce and better transport infrastructure in Vietnam are produced there. But Vietnam was targeted by Vietnam with a $ 123.5 billion trade surplus. This has happened at a time when Nike was already losing market shares from new brands like On (On) and Hoka. In March, Nike shares have dropped up to 20 per cent.
China and Cambodia also have an impact on China and Cambodia
Not only Vietnam, China (34 per cent tariff) and Cambodia (49 per cent tariff) have also been used heavy duty. In Hong Kong, the shares of Nike’s supplier Shanejhou International fell 18 per cent, which is the biggest decline in the last three years.
Vietnam’s anxiety increased
According to the report of Financial Express, Prime Minister Fam Minh sign of Vietnam was a shrine to play with the trump, so Disputes could be resolved. He reduced taxes on US imports and also approved Starlink services. But Trump ignored these efforts.
also read: Is America moving towards recession? Why did JP Morgan worry about Trump’s tariff?