Apparel and footwear stocks surge as Vietnam expresses desire to cut tariffs with the US.

From Dow Jones & Company: 2025-04-04 12:12:00

Shares of apparel and footwear makers surged after President Trump announced Vietnam’s desire to cut tariffs on U.S. goods, potentially leading to lower import tariffs on Vietnamese products. The SPDR S&P Retail ETF rose 0.2%, with Nike, Lululemon Athletica, Gap, Williams-Sonoma, Wayfair, and Abercrombie & Fitch all seeing stock increases. Trump stated in a Truth Social post that Vietnam aims to reduce tariffs to zero with a U.S. agreement.

Read more: Nike, Wayfair, and Other Retail Stocks Rally on Possible Vietnam Tariff Deal