On Nike's side, I see it at pure greed.
For what they charge, they could pay an American Worker $40/hr, plus medical? (Yes--I pulled that $40 out my arse.)
My sister has two shoe stores in LA. She made everything here prior to Covid.
She paid her employees $10/hr, and offered zero benefits.
Pre-covid she was a multimillionaire.
(To anyone selling a craft, don't skimp on stuff people throw away, like bags, tissue, fancy price tags. It's about branding. Oh yea, sometimes the higher the price--the more they want it. My sister is a cutthroat businesswoman. I always knew she would be wealthy. She's not a great person though.)