November 11, 2015
From the article: There's a reason President Obama made the case for the Trans-Pacific Partnership at Nike's headquarters: American clothing companies that want to manufacture their clothes in Vietnam are big winners in the massive trade deal.
If the deal takes effect, clothes and, eventually, shoes made abroad in TPP countries will become much cheaper to bring into the United States. That's potentially good news for Nike's bottom line — it makes more shoes in Vietnam than anywhere else — and theoretically for consumers, if companies pass along the savings on import duties.
The deal could be particularly good for Vietnam, one of the world's biggest garment exporters, which trades more with the US than any other country.