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Apple News Today

Why Nike is a cautionary tale when it comes to tariffs

01 May 2025

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Kamala Harris delivered her first speech since leaving the White House. The Washington Post has the details. Trump wants to use tariffs to boost U.S. manufacturing. The Wall Street Journal’s Jon Emont describes what happened when Nike tried to move part of its manufacturing to North America. Plus, the Journal reports on how the trade war is putting pressure on China’s economy.Republicans need to agree to pass Trump’s budget bill. Will they? NBC’s Sahil Kapur weighs in. Plus, what we know about the U.S.-Ukraine mineral deal, the Supreme Court heard arguments over religious charter schools, a detained Columbia student was freed, and why one town in Mississippi can’t see one of the buzziest films of the year. Today’s episode was hosted by Yasmeen Khan. 

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Full Episode

5.06 - 35.785 Yasmeen Khan

Good morning. It's Thursday, May 1st. I'm Yasmeen Khan in for Shamita Basu. This is Apple News Today. On today's show, Kamala Harris delivered her first big speech since the election. How Donald Trump's spending bill is testing Republican unity. And the Supreme Court seems poised to upend the separation of church and state. But first, U.S.

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35.885 - 58.883 Yasmeen Khan

economic growth dropped dramatically for the first time in three years amid President Trump's aggressive global tariff strategy. The GDP declined by 0.3 percent this past quarter, and if it were to decline again the next quarter, we will officially be in a recession. Consumer confidence has also plummeted to its lowest level since the recession of 1990. It dropped 32 percent since January.

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61.835 - 74.592 Yasmeen Khan

and hiring in April slowed to its lowest pace in nine months. Despite the bleak numbers, Trump defended his tariff policy at a rally in Michigan on Tuesday, where he marked his first 100 days in office.

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75.114 - 86.601 Donald Trump

You're going to be very proud of this country very soon. And with my China tariffs, we're ending the greatest job theft in the history of the world. China's taken more jobs from us than any country has ever taken.

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87.022 - 109.689 Yasmeen Khan

Trump has repeatedly said that the goal of his tariffs is to move manufacturing back to the United States. But for many American companies, it won't be easy. The Wall Street Journal recently looked at Nike, which for years, even before Trump took office, has tried to move part of its manufacturing out of Asia into North America and automate more of the process.

110.269 - 112.45 Yasmeen Khan

But it's hit some major roadblocks along the way.

112.83 - 117.371 John Emont

Producing a shoe is actually a lot more difficult than you might imagine.

117.95 - 121.371 Yasmeen Khan

That's Wall Street Journal reporter John Emond, who's based in Asia.

121.791 - 139.057 John Emont

So there's a reason why it's always done in a very labor-intensive way. And that's because the fabrics that make up a shoe, their dimensions change based on the temperature, based on the humidity. And so if you're, say, the person who's in charge of gluing the sole of the shoe onto the upper part of the shoe...

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