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

Economist Peter Schiff warned on Thursday that Nike Inc. (NYSE:NKE) 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…