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


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.
Though Nike is known to rely on low-paid workers in Asia, Nike CEO Mike Parker said the agreement will help foster bringing more manufacturing jobs back to the U.S. "We believe agreements that encourage free and fair trade allow Nike to do what we do best — innovate, expand our businesses and drive economic growth," he said.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Though some Democrats fear the deal would hurt American workers, Obama flatly refused that claim. "Some of my dearest friends are wrong," he said. "They're just wrong."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.
-
The Week Unwrapped: How did Japan become a space superpower?
Podcast Plus, why on earth are Labubu dolls so popular? Will buy-now-pay-later cause a new financial crisis?
-
The week's best photos
In Pictures A tomato fight, painting behind bars, and more
-
Mountainhead: Jesse Armstrong's tech bro satire sparkles with 'weapons-grade zingers'
The Week Recommends The Succession creator's first feature film lacks the hit TV show's 'dramatic richness' – but makes for a horribly gripping watch
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores