Nike promises 10,000 new jobs if U.S. approves trade deal

Nike promises to create 10k jobs upon approvement of Trans-Pacific Partnership
(Image credit: Facebook.com/Nike)

President Obama visited Nike's headquarters in Beaverton, Oregon on Friday to promote the 12-nation Trans-Pacific Partnership trade agreement. The athletic giant has promised to create 10,000 jobs if the U.S. approves the accord, for which Obama is seeking "fast track" authority.

The president noted that the agreement would help American workers stay on top worldwide. "If we don't write the rules for trade around the world, guess what? China will," Obama said, adding that the Trans-Pacific Partnership is "the highest-standard, most progressive trade deal in history," because it includes provisions on the environment and preventing child labor.

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.