World
Nike’s Vietnam Manufacturing Shift Puts It in Trump’s Tariff Crosshairs
For the past two decades, Nike has worked to gradually diversify its manufacturing beyond China, with Vietnam emerging as the company’s most important market for production. On Wednesday afternoon, President Donald Trump announced reciprocal tariffs that will impact Vietnamese-made goods more than those from almost any other country.
The impact of those import tariffs will be far-reaching across the global economy—shortly after the announcement an S&P 500 ETF fell 2%. They will particularly impact the companies that import the bulk of their goods from the countries with the highest rates. On Trump’s list, Vietnam had the fourth highest rate at 46%, trailing only Cambodia (49%), Laos (48%) and Madagascar (47%).
In fiscal 2024, factories in Vietnam manufactured 50% of all Nike Brand footwear, by far its largest market. Factories in Vietnam also manufactured 28% of all Nike Brand apparel, also its largest market.
The second most important manufacturing market for Nike is likely China. The country accounts for 16% of Nike apparel manufacturing, second only to Vietnam, and 18% of footwear, third behind Vietnam and Indonesia. Trump’s new tariffs include a 34% rate on China-made goods, but White House officials told CNBC that the those tariffs would come on top of the 20% already imposed on Chinese imports. That implies a true tariffs rate of 54%.
Nike stock (NYSE: NKE) fell 7% in after-market trading.
Representatives for Nike didn’t immediately respond to an email seeking comment. Tariffs only came up once on the company’s latest earnings call on March 20, with CFO Matthew Friend mentioning specifically that the company’s latest guidance included newly implemented tariffs on imports from Mexico and China. Those tariffs are separate from the ones announced this week.
Throughout the 1990s Nike was frequently criticized for the labor conditions of its overseas factories, particularly those in China. Since then, the company has worked to diversify its supply chain. It’s not alone—U.S. companies of all sorts have spread out their manufacturing in that span, some searching for lower prices, others looking to insulate themselves from potential volatility and geopolitical relations between the U.S. and Chinese governments.
Vietnam quickly emerged as Nike’s most important market for manufacturing. In 2001, for example, Vietnam accounted for just 13% of the company’s footwear goods and was not included in a list of 12 countries that accounted for most of Nike’s apparel manufacturing, according to SEC filings. A decade later, in 2011, Vietnamese factories were making 39% of Nike’s footwear, its biggest market, and appeared to be third for apparel. It became the company’s most important country for apparel manufacturing for the first time in 2020 and has remained at the top in both categories ever since.
The Nike filings only list where the goods are made, and not where they are sold. That’s likely more relevant in China—many companies are more intentional about selling China-manufactured goods in China—than it is in Vietnam, which has a population that is about 1/14th of its northern neighbor.
Indonesian factories accounted for 27% of Nike footwear in 2024, according to the filing, which put it in front of China and behind Vietnam. Trump’s announcement included a 32% tariff on Indonesian goods. The third most important country for manufacturing Nike clothing was Cambodia, at 15% of the company’s apparel. The Cambodian tariff rate of 49% was the highest of any rate announced Wednesday.
World
Libyan army chief killed in plane crash: What next?
The Libyan army’s Chief of Staff, Lieutenant General Mohammed Ali Ahmed al-Haddad, has been killed in a plane crash in Turkiye while returning from an official visit to Ankara.
Turkish officials said the private aircraft, which was heading back to Tripoli on Tuesday, requested an emergency landing due to an electrical failure just minutes after takeoff, but then lost contact.
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The crash, which also killed four senior Libyan military officials and three crew members, has sent shockwaves across Libya, where General al-Haddad was seen as a unifying figure amid deep political divisions. The Libyan government has announced three days of national mourning.
Here is what we know so far:
Who was Mohammed Ali Ahmed al-Haddad?
General al-Haddad was Libya’s chief of the General Staff, the highest-ranking military officer in the country’s armed forces.
General al-Haddad worked within the United Nations-recognised Government of National Unity (GNU) in Tripoli to bring together competing armed factions.
Al Jazeera’s Malik Traina said people in Libya were mourning al-Haddad, whom he said was a key figure in efforts to unify the country’s fractured military. “He really was someone who tried to build up the military institutions, especially in western Libya, a place that is divided with powerful armed groups and militias controlling vast areas of land,” Traina, reporting from Tripoli, said.
“You have powerful armed groups, militias controlling different parts of land. They hold a huge influence on the government. He refused to let these militias hold sway on the government,” Traina added, and was seen as “someone that people could rally behind and support to try to bring some kind of unity to Libya.”
General al-Haddad had served in that post since 2020 and was seen as a key figure in efforts to unify Libya’s divided military structures, a crucial element of broader attempts to stabilise the country, which descended into chaos following the toppling of its long-term leader Muammar Gaddafi in 2011.
Al Jazeera’s Traina said General al-Haddad was one of the first military officials who joined the rebel forces in the revolution that toppled Gaddafi.
Libya is currently divided between the internationally recognised government based in Tripoli and the rival administration in the east led by military commander Khalifa Haftar.
“He was a very charismatic and strong leader. General Mohammed was someone who was respected by all sides,” Al Jazeera’s Traina said. “He was someone who believed in the rule of law, always talked about values of democracy, and wanted to transition Libya into civilian rule.”
Al-Haddad’s death is being mourned in the eastern part of Libya governed by a rival administration, including Haftar, who expressed sorrow and offered his condolences.
During his Turkiye trip, al-Haddad held talks in Ankara with Turkish Defence Minister Yasar Guler, and his Turkish military counterpart, Selcuk Bayraktaroglu. Ankara has cultivated close military and economic ties with the Tripoli-based administration, but recently, Ankara has moved to strengthen relations with the eastern administration led by Haftar.
What do we know about the plane crash?
Burhanettin Duran, Turkiye’s head of communications, said the Dassault Falcon 50 jet departed Ankara Esenboga Airport at 17:17 GMT on Tuesday, bound for Tripoli.
At 17:33 GMT, it notified air traffic control of an electrical malfunction and declared an emergency, according to his statement. The jet was 37 years old, according to flight tracking site Flightradar24.
Controllers directed the aircraft back towards Esenboga and initiated emergency protocols, but it vanished from radar at 17:36 GMT while descending to land, and communication was lost, Duran said.
Interior Minister Ali Yerlikaya said had earlier reported that the plane requested an emergency landing while flying over Ankara’s Haymana district.
Yerlikaya added that the wreckage was later located near Kesikkavak village in the area. Search and rescue teams reached the crash site after operations were launched by the Interior Ministry.
The Interior Minister later said that authorities had recovered cockpit voice and flight data recorders, collectively known as black boxes. An investigation is under way to “fully clarify” the cause of the crash, he told reporters in Ankara.
Investigations into the cause are continuing with the participation of all relevant agencies, Duran said. Turkiye has appointed four prosecutors to lead the probe, and Yerlikaya noted that 408 personnel were deployed for the search and recovery effort.
A group of military officials from Libya is carrying out inspections at the crash site, according to Turkish state news agency Anadolu.
Were other people killed in the crash?
Yes. All people on board died in the crash. In addition to al-Haddad, seven others died in the crash, including four senior Libyan military officials and three crew members.
Among the Libyan officials killed were:
- General al-Fitouri Ghraibil, head of Libya’s ground forces.
- Brigadier General Mahmoud al-Qatawi, director of the Military Manufacturing Authority.
- Muhammad al-Asawi Diab, senior military adviser.
- Muhammad Omar Ahmed Mahjoub, a military photographer.
What are the reactions to al-Haddad’s death?
Libyan Prime Minister Abdul Hamid Dbeibah described the incident as a “tragic loss”.
“This great tragedy is a great loss for the nation, the military establishment, and all the people,” he said. “We have lost men who served their country with sincerity and dedication and were an example of discipline, responsibility, and national commitment.”
In a statement from the eastern Libyan armed forces, commander Haftar expressed “deep sorrow over this tragic loss” and offered condolences to General al-Haddad’s family, tribe, and city, as well as “to all the Libyan people”.
What’s next?
In a statement, Libya’s Government of National Unity announced a three-day mourning period, during which flags will be flown at half-staff across all state institutions, and all official ceremonies and celebrations will be suspended.
Austria’s former defence attache to Libya, Wolfgang Pusztai, said the death of al-Haddad was “very significant” and a major blow for Dbeibah.
“Al-Haddad hails from Misrata, an important merchant city about three hours east of Tripoli, just like Dbeibah, and the key role of al-Haddad was to ensure the loyalty of the mighty militias of the city of Misrata to the government,” Pusztai told Al Jazeera.
“Misrata is the most important military power in western Libya, and this might really trigger some problems for Dbeibah, if this loyalty is broken in the future.”
Libya’s Presidential Council has appointed General Salah Eddine al-Namrush as the acting chief of staff for the Libyan army until General al-Haddad’s replacement is announced.
“It’s extremely big shoes to fill. It is really going be very difficult for authorities to find somebody as charismatic and strong who can unify the country like Mohammed al-Haddad,” Al Jazeera’s Traina said.
World
Hyun Bin, Jung Woo-sung Crime Thriller ‘Made in Korea’ Sets Disney+ Debut
Hyun Bin and Jung Woo-sung go head-to-head in “Made in Korea,” a 1970s crime noir that launches Dec. 24 on Disney+ with a two-episode premiere.
The series stars Hyun Bin (“Crash Landing on You,” “Confidential Assignment”) as Baek Kitae, an ambitious KCIA agent in 1970s South Korea who leads a dangerous double life. By day, he works as a government operative, while by night he runs an illegal operation, using his underworld connections to consolidate power, protect his brother and generate substantial revenue for the agency.
Jung Woo-sung (“Tell Me That You Love Me,” “12.12: The Day”) co-stars as Jang Geonyoung, an incorruptible prosecutor determined to bring Kitae down. Woo Dohwan (“Bloodhounds,” “Mr. Plankton”) plays Kitae’s brother Baek Kihyun.
The series is written by Park Eunkyo (“Mother,” “A Normal Family,” “The Silent Sea”) and Park Joonseok (“A Normal Family”), directed by Woo Minho (“The Man Standing Next,” “Inside Men,” “Harbin”), and produced by Hive Media Corp (“Inside Men,” “The Man Standing Next,” “12.12: The Day”).
Following the two-episode premiere, “Made in Korea” will release two additional episodes on Dec. 31, with the final two episodes rolling out weekly through Jan. 14. The series has already been renewed for a second season, which is currently in production.
The thriller joins Disney+’s expanding slate of Korean drama content that launched in 2025, including “Unmasked,” “Nine Puzzles,” “Hyper Knife,” “Low Life,” “The Murky Stream” and “Tempest.”
The streamer has additional Korean series slated for 2026, including “Gold Land” starring Park Boyoung, “Perfect Crown” starring IU and Byeon Wooseok, and the return of “A Shop for Killers” for a second season with Lee Dongwook and Kim Hyejun.
World
Pope Leo XIV says he’s ‘very disappointed’ after Illinois approves assisted suicide law
Illinois Gov. JB Pritzker meets with Pope Leo XIV
Illinois Democratic Gov. Jay Robert “JB” Pritzker met with His Holiness Pope Leo XIV, a fellow native of the Land of Lincoln, at the Vatican this week. (Credit: REUTERS — No use Fox Weather/Outkick)
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Pope Leo XIV said Tuesday he was “very disappointed” after his home state of Illinois approved a law allowing medically assisted suicide.
Leo, who grew up in Chicago, said he had spoken “explicitly” with Illinois Gov. JB Pritzker while the legislation was on his desk and urged him not to sign the bill into law, saying the measure undermines respect for human life from “the very beginning to the very end.”
“Unfortunately, for different reasons, he decided to sign that bill,” Leo told reporters outside Rome. “I am very disappointed about that.”
The Medical Aid in Dying Act, also referred to as “Deb’s Law,” was signed into law by Pritzker on Dec. 12 and allows eligible terminally ill adult patients to obtain life-ending medication after consultation with their doctors.
NY GOV. HOCHUL TO SIGN BILL TO LEGALIZE PHYSICIAN-ASSISTED SUICIDE: ‘WHO AM I TO DENY YOU?’
Pope Leo XIV met with Illinois Gov. JB Pritzker during an audience at the Apostolic Palace on Nov. 19 in Vatican City, Vatican. (Simone Risoluti – Vatican Media via Vatican Pool/Getty Images)
The measure was named after Deb Robertson, a lifelong Illinois resident with a rare terminal illness who had pushed for the bill’s approval.
The law takes effect in September 2026, giving participating healthcare providers and the Illinois Department of Public Health (IDPH) time to implement required processes and protections.
Leo said Chicago Cardinal Blase Cupich also urged Pritzker not to sign the bill, but his efforts were unsuccessful.
BISHOPS, CATHOLIC GROUPS SLAM CARDINAL CUPICH’S PLAN TO HONOR PRO-ABORTION SEN DICK DURBIN: ‘GREAT SCANDAL’
Pope Leo XIV said he was very disappointed” that Illinois passed a law allowing medically assisted suicide. (Alberto Pizzoli/AFP via Getty Images)
“I would invite all people, especially in these Christmas days, to reflect upon the nature of human life, the goodness of human life,” Leo said. “God became human like us to show us what it means really to live human life, and I hope and pray that the respect for life will once again grow in all moments of human existence, from conception to natural death.”
The state’s six Catholic dioceses have also criticized Pritzker’s decision to sign the bill, saying it puts Illinois “on a dangerous and heartbreaking path.”
Illinois joins a growing list of states allowing medically assisted suicide. Eleven other states and the District of Columbia allow medically assisted suicide, according to the advocacy group, Death with Dignity, and seven other states are considering allowing it.
After signing the bill, Pritzker said the legislation would allow patients with terminal illnesses to “avoid unnecessary pain and suffering at the end of their lives,” and said it would be “thoughtfully implemented” to guide physicians and patients through deeply personal decisions.
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Illinois Gov. JB Pritzker signed the Medical Aid in Dying Act on Dec. 12, allowing eligible terminally ill adult patients to obtain life-ending medication after consultation with their doctors. (Jacek Boczarski/Anadolu via Getty Images)
Fox News Digital has reached out to Pritzker’s office for comment.
Fox News Digital’s Alexandra Koch and The Associated Press contributed to this report.
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