586824

President Obama Visiting Nike Headquarters to Speak In Favor of New Trade Partnership

President Obama Visiting Nike Headquarters to Speak In Favor of New Trade Partnership

President Obama Nike Headquarters 1

Next Friday, May 8th, President Barack Obama will be heading to Nike Headquarters. The President plans to speak in favor of the upcoming Trans-Pacific Partnership (TPP) trade deal despite heavy opposition from his fellow Democrats who believe that the proposed deal would hurt American job-growth in the immediate future. The plan’s objective is to boost Made-in-America exports to some of the fastest growing Asia Pacific countries. Obama believes that Pacific workers will benefit from the trade partnership as much as American workers will, and he will use Nike Headquarters as the setting to discuss the proposed agreement despite the brand’s controversy in the past for outsourcing their factories overseas. A White House statement claimed that the President will “discuss how workers will benefit from progressive, high-standards trade agreements that would open up new markets and support high-quality jobs both for Oregon small business and large companies like Nike”.

The hope is that the TPP will help shape current foreign policy in Asia and rival China’s own economic growth. Nike has a history of being an Obama administration ally, having helped First Lady Michelle Obama in one of her main efforts – improving physical fitness. According to The Oregonian, back in 2013 Nike President Mark Parker said his company would spend $50 million over five years in an effort to increase physical activity in schools throughout the United States. “We are honored President Obama plans to make time to visit Nike to discuss our future growth and innovation plans and the importance of trade to Oregon and the country while on his upcoming trip,” a Nike statement said confirming President Obama’s arrival.

Source: Reuters/ Bizjournals/ Oregon Live

Latest News

The New Balance 991v2 Embraces Its Made In England Origins

Amid a stateside takeover highlighted by the New Balance 550 and New Balance 9060, the Boston Brand’s Made in England product continues to be a...

by Matt Varga 6 hours
1285

The Inverted Nike Air "Full 180" Is Coming Soon

As anticipation builds for the return of the Nike Air 180‘s original “Ultramarine” colorway on May 24th, things are starting to take shape for another...

by Andrew Rizzo 9 hours
5469

"Midnight Navy" Paints A Fragment-Adjacent Nike Lunar Roam

Though innovation is part and parcel of Nike’s creative strategy, an unintended consequence can sometimes be leaving perfectly functional tech in the past. When React...

by Matt Varga 10 hours
445