Many old friends may know that I always use Nike as a reference, mainly to measure the actual purchasing power of the United States. Yesterday, after Trump announced the latest tariff, NKE fell by nearly 14%. The main reason is that according to Nike's 2024 annual report, Vietnam produces approximately 50% of Nike's global footwear products and 28% of its apparel products, making Vietnam Nike's largest footwear and apparel manufacturer for the second consecutive year. In addition, Nike's production activities in Vietnam have created employment opportunities for approximately 500000 people and collaborated with over 100 Vietnamese companies. Trump imposed 46% tariff on Vietnam, directly GG, and Nike gradually moved from China to Vietnam. In 1996, it began to invest in Vietnam, and in 2021, it increased its investment in Vietnam. As a result, it encountered monetary easing in 2022, and then tariffs in 2025, which is really too difficult. The intermediate level physical industries of the Fortune Global 500 are all in the current situation. What's wrong with the decline of altcoins. They are all constrained by liquidity. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex