President Obama visited Nike on Friday to urge Congress to pass trade laws. But Fair-Labor supporters say Nike is a child to be posted for the pitfalls of free trade agreements. “The trade agreement that the president hopes to sign is an agreement that is good not only for American workers, but also for the U.S. economy, but also for the strongest and boldest measures in terms of human rights, labor and environmental protection that we have seen in a trade agreement,” said Eric Schultz. , a White House spokesman, air Force One reporter on the flight to Portland. , ore, Thursday. However, the current quarter could be tougher, with recent collective bargaining imposed earlier this month more focused on consumer products than previous cycles. But Nike Chief Financial Officer Andrew Campion believes the company has some flexibility to make adjustments. “We are a strong advocate of free and fair trade, and that`s because Nike`s tariffs have always been part of the financial equation,” he told the Journal. “With a little time, we have a lot of levers to work with, from supply to other levers.” Labor groups applauded Trump`s move Monday. United Auto Workers President Dennis Williams praised the president for his withdrawal from the “deeply flawed” and “company-run” TPP. Richard Trumka, president of the AFL-CIO Trade Union Confederation, called the exit of the TPP and the PROMISE of NAFTA “an important first step” and promised to fight for “new trade and economic rules ending special privileges for foreign investors” and major drug producers.
Nevertheless, Beijing has expressed a willingness to cooperate with Washington to resolve their trade dispute. Canada and Mexico have both indicated that they are ready to start discussions on the 23-year-old NAFTA update. Insisting on a trade compensation mechanism between the United States and Mexico or insisting on a specific tax on imports of Mexican products to offset the country`s domestic VAT would put the pact in trouble, said Scott Lincicome, an international trade lawyer at White-Case in Washington. Thank you for sharing! This topic is very relevant. I think Nike`s initiatives to hire a lobbying company and relocate production sites are sensible, but I was a little confused and worried about whether Nike had a clear value strategy for its customers or whether it was only responding to the current isolationism risks. The company talks about using trade agreements to improve its global supply chain and reduce prices, but at the same time says it`s important to bring production closer to the end consumer in order to reduce delivery time and respond more quickly to consumer demands.