Tariffs reduced to zero percent? Exporting country compromises with the United States for the first time.
讀後心得
US President Trump stated on the 4th that Vietnam hopes America will reduce its tariffs to zero, which has led to a significant surge in stock prices for companies with large manufacturing operations in Vietnam, such as Nike and Lululemon. Trump revealed that he had a "productive call" with Vietnamese President Suu Lin, noting that Vietnam's trade surplus with the US has exceeded $123 billion and that it has committed to purchasing American goods and reducing certain import tariffs. Nike's stock price rose over 6% at one point, while Lululemon also increased by 3.15%. Despite this rebound, both companies' stock prices have still fallen more than 20% and 30% respectively this year.
On the 4th, U.S. President Trump stated that he had a phone call with Vietnam, where the other party hoped to reduce U.S. tariffs to zero. This news prompted companies with significant manufacturing operations in Vietnam, such as Nike and Lululemon, to see their stock prices rise sharply. Trump mentioned in a social media post that he had a "very productive call" with Vietnamese President Suu Linh, noting that Vietnam wanted to "bring its tariffs down to zero."
Currently, Vietnam's trade surplus with the U.S. exceeds $123 billion. Since Trump's return to the White House earlier this year, the country has actively expressed goodwill, including commitments to purchase U.S. goods and reduce import tariffs on American cars, ethanol, and liquefied natural gas. Nike's stock price rose more than 6% at one point, finally closing at $57.25, up 3%; Lululemon's stock price increased by 3.15%, closing at $263.70.
Additionally, apparel manufacturers that rely on Vietnamese manufacturing, including GAP, Aéropostale, and Victoria's Secret, saw their stock prices soar by 8%; Adidas's stock price also turned from decline to increase. About half of Nike brand shoes and 39% of Adidas shoes are produced in Vietnam, making it the largest source of footwear supply for both companies.
Despite a significant rebound on the 4th, Nike's stock price is still down more than 20% since the beginning of this year, while Lululemon has seen a decline of over 30%.