03/07/2025  Nike, other retailer stocks rise on Trump's trade deal with Vietnam to reduce tariffs

Business


Shares of Nike and other apparel makers rose on Wednesday after U.S. President Donald Trump said he had struck a trade deal with Vietnam that would impose a lower than initially expected tariff rate on many imports from the Southeast Asian country.

After months of negotiations, Trump's trade deal with Vietnam includes a 20% tariff on imports from Vietnam, lower than an initial 46% rate he had announced in April.

Close
Attachments