Nike Shares Jump as Vietnam Signals Potential Zero Tariffs

Nike Inc (NKE.US) shares rose 4.7% after President Donald Trump reported a "constructive call" with Vietnamese General Secretary To Lam, who expressed interest in reducing tariffs to zero through a U.S. agreement.

This development comes just days after Trump announced a 46% tariff on Vietnamese goods. The news particularly benefits Nike, which manufactures about 95% of its shoes in Vietnam, China, and Indonesia.

Other apparel companies also saw gains, including Lululemon (3.4%), Crocs (4.2%), and Foot Locker (5%), as retailers who previously shifted production from China to Vietnam during Trump's first term now see potential relief from new tariffs.

Nike (D1)

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Nike Shares Jump as Vietnam Signals Potential Zero Tariffs

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