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Wednesday, May 7, 2025

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Trade War: When Your Nike Shoes Cost 46% More

EconomyNational Security& 1 more

Trump slapped Vietnam with devastating 46% tariffs despite the country producing 50% of Nike footwear and 90% of Apple Watch assembly. Vietnam exports $140 billion annually to the U.S.—representing 30% of their entire economy—while major American companies scramble to avoid massive price increases.

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