Nike Stock Pops After Trump’s Trade Agreement with Vietnam

Nike’s shoe shares, after President Trump, increased in the morning trade on Wednesday Social Media Platform Truth Social Share “Trade Deal with Vietnamese”.

Nike (Slippery), Caught (Foundation), Deckers (Deck) and lululemon (Lulu) in response to the news immediately.

Temperimated initial earnings such as retail and shoe stocks Trump Next postVietnam said that all the best of all the best sent to the United States will pay 40% tariffs to the goods routed through a 40% tariff and a different country like China.

After up to 4% after the initial pop, Nike Stock increased by about 1.7% in the morning in the morning. There were more than 3.5% to lead the rally between the names of the names, was higher than decorative and lululemon shares.

Most of the shoe giants have left China from China to China and Vietnam to prevent both reservoirs and the US-China trade war.

Nike Told investors last week to investors The company is expected to approach the tariffs for $ 1 billion because it is planned to make additional actions that remove the supply chain that is about 16% of the shoes imported to the United States. By the end of this fiscal year, it is waiting to bring this to “high single digit range.” The company also announced the plans on “Surgical Price Increase” in the United States, built in the United States to start this fall.

Last month, Lululemon Exchange has been worse since 2020 since 2020 Aware of profits Tariff would take a blow to a “dynamic macro environment with some consumer softness related to uncertainty and outlook.

Brooke Dipal is a reporter for Yahoo Finance. Follow him in x @Brookedipilation Or send it to bdipala@yahoofinance.com.

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