From Yahoo Finance: 2025-04-04 16:11:00

Shares in companies like Nike and Lululemon surged after President Trump said Vietnam was willing to eliminate tariffs to avoid new US levies. Nike shares gained 3%, while On Holding and Skechers rose 5.2% and 2.5%. This move follows a 46% tariff announced by Trump on Vietnam, impacting apparel and shoemakers. Vietnam’s willingness to negotiate could benefit other production hubs like Indonesia and Cambodia. Nike and Lululemon have been affected by US tariffs on China and Mexico, leading to declines in gross margins.



Read more at Yahoo Finance: Nike, Lululemon Rebound as Trump Touts Call With Vietnam Leader