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

VF

02/07/2025 16:31

** 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;))