BUZZ-Apparel makers rise after Trump says US strikes trade deal with Vietnam

Reuters

Jul 02, 2025

** Shares of major apparel and sportswear makers rise after Trump announces new trade deal with Vietnam, given the companies' exposure to the country

** U.S. President Donald Trump said that U.S. struck a trade deal with Vietnam that imposes a 20% tariff rate on many imports, lower than the initial 46% levy Trump announced in April

** Nike NKE.N, Under Armour UAA.N and VF Corp VFC.N spiked to ~4%, before paring to ~2%

** Abercrombie & Fitch ANF.N, Levi Strauss LEVI.N and Lululemon LULU.O up ~1%

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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