{"id":7055,"date":"2025-04-04T17:34:16","date_gmt":"2025-04-04T17:34:16","guid":{"rendered":"https:\/\/stoxpo.com\/?p=7055"},"modified":"2025-04-04T17:34:18","modified_gmt":"2025-04-04T17:34:18","slug":"nike-lululemon-surge-as-vietnam-signals-tariff-cuts-after-trump-call","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2025\/04\/04\/nike-lululemon-surge-as-vietnam-signals-tariff-cuts-after-trump-call\/","title":{"rendered":"Nike, Lululemon Surge as Vietnam Signals Tariff Cuts After Trump Call"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Vietnam Offers to Slash Tariffs to Avoid U.S. Levies, Boosting Apparel and Retail Stocks<\/h4>\n\n\n\n<p>Shares of major apparel and footwear companies surged Friday after President Donald Trump announced that Vietnam was willing to cut tariffs to zero in a bid to avoid steep new U.S. trade levies.<\/p>\n\n\n\n<p>Nike jumped as much as 5.9%, while Lululemon gained 4%. Footwear brands On Holding and Skechers soared over 8%, recovering sharply from Thursday\u2019s losses, which were triggered by Trump\u2019s surprise move to slap a 46% tariff on Vietnamese imports. Vietnam has become a key manufacturing base for U.S. brands after Trump\u2019s earlier tariffs on China.<\/p>\n\n\n\n<p>In a social media post, Trump said he had a \u201cvery productive call\u201d with Vietnamese President To Lam, who expressed willingness to eliminate tariffs entirely. The news triggered a rally across the retail and manufacturing space, including household appliance maker SharkNinja, which rebounded from a 13% drop to close up 8.4%.<\/p>\n\n\n\n<p>Home goods retailers like RH and Wayfair also surged, with Wayfair briefly halted for volatility after swinging from a 19% drop to a 7.3% gain.<\/p>\n\n\n\n<p>Vietnam\u2019s swift response may influence other Southeast Asian nations like Indonesia and Cambodia to follow suit, according to Bloomberg Intelligence analyst Poonam Goyal. \u201cThere\u2019s no way, with the way it was yesterday, that these companies could\u2019ve mitigated these rising costs,\u201d Goyal said.<\/p>\n\n\n\n<p>Retailers with deep ties to Vietnam, including Gap, Abercrombie &amp; Fitch, and Victoria\u2019s Secret, also jumped more than 8%. Even European stocks like Adidas and JD Sports erased losses on the update.<\/p>\n\n\n\n<p>Despite Friday\u2019s rally, Nike shares remain down over 20% this year, and Lululemon is off more than 30%, underscoring continued investor caution.<\/p>\n\n\n\n<p>You might like this article:<a href=\"https:\/\/stoxpo.com\/index.php\/2025\/04\/03\/intel-and-tsmc-to-form-joint-venture-for-u-s-chipmaking\/\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">Intel and TSMC to Form Joint Venture for U.S. Chipmaking<\/mark><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vietnam Offers to Slash Tariffs to Avoid U.S. Levies, Boosting Apparel and Retail Stocks Shares of major apparel and footwear companies surged Friday after President Donald Trump announced that Vietnam was willing to cut tariffs to zero in a bid to avoid steep new U.S. trade levies. Nike jumped as much as 5.9%, while Lululemon [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3502,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"0","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[361,321,381],"tags":[419,421,507,416,418,538,417,696],"coauthors":[454],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/7055"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=7055"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/7055\/revisions"}],"predecessor-version":[{"id":7056,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/7055\/revisions\/7056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/3502"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=7055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=7055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=7055"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=7055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}