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Why Dow Component Nike, Apparel Stocks, Are Rallying After Trump Tariffs Slide
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Dow stock Nike along with several other apparel-related stocks rallied Friday following President Donald Trump announcing that Vietnam, a key supplier for many companies, could be set to negotiate an escape from the president's 46% tariffs on the country. While China hiked tariffs Friday on U.S. goods by 34% starting in April, Vietnam could be coming to the negotiating table with the Trump White House. The president posted to Truth Social Friday that Vietnam is ready to "cut their tariffs down to zero if they are able to make an agreement with the U.S."
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