Nike, Ford caught in Trump's trade overhaul

New York

SNEAKER producers, carmakers and retail giants are facing tumult in their international operations as President Donald Trump pushes ahead with a dramatic overhaul of US trade policy.

His decision not to join the Trans-Pacific Partnership (TPP) and pledge to renegotiate the North American Free Trade Agreement (Nafta) are forcing companies to rethink supply chains and capital investments in a new era of protectionist policies. Mr Trump's moves weigh heavily on importers such as Nike Inc and Ford Motor Co as he seeks to boost domestic manufacturing and create jobs.