Apple News Today Why Nike is a cautionary tale when it comes to tariffs
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May 1, 2025 Kamala Harris makes waves with her first speech after leaving the White House, directly addressing Trump. The discussion dives into Trump's tariff strategy and its economic fallout, despite looming recession. The complexities of automating shoe manufacturing are explored, highlighting Nike's challenges. Additionally, the podcast examines Republican divisions over Medicaid cuts alongside looming budget bills, while also touching on the impact of recent political events in Michigan and Mississippi. The need for greater female political representation is also a key theme.
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Economic Impact of Tariffs
- US GDP dropped 0.3% amid Trump's aggressive tariffs, risking recession if it declines again.
- Consumer confidence and hiring also fell significantly, showing economic strain under the tariff policy.
Nike's Manufacturing Challenge
- Nike's attempt to automate shoe production in North America faced challenges from fabric variability.
- Robots in Mexico took 8 months to place the Nike swoosh before product changes required new methods.
Harris's Political Critique
- Kamala Harris criticized Trump's expanded executive power and tariff-induced economic chaos.
- She encouraged more women to run for office but didn't announce her next political move yet.