Economist Peter Schiff warned on Thursday that Nike Inc. (NYSE:NKE) won’t shift production to the United States despite newly ...

Economist Peter Schiff has predicted that Nike will not establish U.S. factories to produce sneakers due to high tariffs.

Schiff's criticism came as markets took a sharp hit. The dollar fell to a 20-month low while gold prices surged to record highs. The S&P 500 dropped 3.5% on Thursday, reversing a 9.5% gain from ...

Economist Peter Schiff has predicted that Nike will not establish U.S. factories to produce sneakers due to high tariffs. Schiff argues that 40% tariffs make domestic production economically ...