World

Nike Sweatshops in Vietnam Slapped with 46% Tariffs

HO CHI MINH CITY - Vietnam - Nike has suffered a stock crash after the sweatshops they operate were hit with tariff charges.

One of the many casualties of the Trump tariff market bloodbath on Friday was the Nike company, which uses cheap labour in Vietnam to produce their items before being sold off at huge markup prices to hood rats and the like, in America and other Western countries.

In 1984 the multi-billion dollar Nike Corp. closed its last U.S. factory and moved its entire production to the cheap labour zone of Asia.

Many of their sweatshops can now be found in Indonesia, China, and Vietnam, because these countries have no protective labour laws and endless supplies of cheap labour.

Naturally, the Trump tariff of 46% on Vietnam is going to hit the production of the cheap items, as now they won’t be so cheap.

Workers at Vietnam Nike shoe sweatshops make $.20 an hour or $1.60 per day. The average cost of three meals is $2 a day, meaning that most people skip meals throughout the day.

Nike controls over 470,000 sweatshop workers and 150 factories in Vietnam where its products are made.

“You see this shoe? Well, it was produced by a 10-year-old sweatshop worker for less than 80 cents. The company then ships this mass-produced crap to America and sells it for over $150 to some dumb cunt from the projects. Now that’s what I call markup, and a pure profit strategy,” a business commentator revealed on Friday.

ADVERTISE ON THE DAILY SQUIB

Email advertising (at) dailysquib.co.uk for all your advertising needs.
  • SUPPORT THE DAILY SQUIB
  • We fight for freedom, justice, satire, and coffee.
  • Reader support keeps the caffeine flowing.
  • Disqus Comments Loading...
    Share
    Published by

    Recent Posts

    Message From AI: “Dude, we’re pretty safe… but you humans are not!”

    DATA CENTRE - Unkown Location - With calls to curb AI and many calling it…

    3 days ago

    Chief Economists Expect Global Economy to Stabilise, but Fiscal Constraints, Living Costs and AI Investment Uncertainty Threaten Growth

    NEW YORK - USA - According to the World Economic Forum's Chief Economics Outlook, the…

    3 days ago

    Psychological Safety Week Returns with Warning Over Workplace “Talent Hushing”

    OXFORD - England - New research shows that more than 40% of UK employees may…

    3 days ago

    Who to Vote For During the Russian Election

    MOSCOW - Russia - Four years have passed since the illegal invasion of Ukraine. Russia…

    4 days ago

    3 Card Brag: Rules, hands and how a round plays out

    LONDON - England - If you love card games, you're going to love 3 Card…

    5 days ago

    Evil Labour Goblin John Healey Coming For More Tax

    SCUNTHORPE - England - Say goodbye to the last vestiges of your money as Labour's…

    6 days ago

    This website uses cookies.