- Nike Stoke recovers after the Vietnamese leader arrives at Trump.
- Trump says he will hold a meeting with the Secretary -General to Lam.
- NKE shares fell by 14.4 % on Thursday in response to the Trump tariff by 46 % in Vietnam.
- Dow Jones Industry MALED falls 4.6 % at the time of writing this report.
Nike (Nike) The stocks rose more than 5 % around the lunch time in New York on Friday after US President Donald Trump said he had spoken to Vietnam’s leader.
Vietnam where The Sport Apparel and Footwear Maker produces the largest part of its products. In fact, Nike factories use about half a million Vietnamese.
On Wednesday, Trump announced a 46 % tariff on the goods imported from Vietnam, a policy that will significantly affect Nike operations. NIKE shares fell 14.4 % on Thursday in response to the declaration of customs tariffs.
“I received a very fruitful invitation with Lam, the Secretary -General of the Communist Party in Vietnam, who told me that Vietnam wanted to reduce the tariff of customs duties to scratch if they could conclude an agreement with the United States,” Trump wrote. “I thanked him on behalf of our country and said I am looking forward to a meeting in the near future.”
Post from Donald Trump on Truth Social – 4/4/2025
The news sent NKE shares from the lowest level of the day of $ 52.50 to the highest level of the day at 58.88 dollars. Before the news, the shares of Nike fell below the two -year -old lower direction line that started in September 2023. However, he recovered quickly.
LululeMon (Lulu)Which also produces many of its equipment in Vietnam, has witnessed its stock prices to some extent on Friday. These movements are in flagrant contradiction with the feelings of the total market. Dow Jones (DJIA) has lost 4.6 % at the time of writing this report, while S&P 500 and NASDAQ drowned more than 5 %.
Daily stock scheme from Niki
