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American Buyers May Not Get Nike Sneakers Anymore—Economist Peter Schiff Warns Nike Could Ditch U.S.

American sneakerheads might not get their favorite sneaks anymore. Economist Peter Schiff on Thursday warned that Nike Inc. (NYSE: NKE) will not shift production to the United States even after the newly imposed tariffs. Peter thinks it’s probably due to higher prices and reduced domestic sales for the footwear mogul. What Really Happened: “Nike won’t