President Donald Trump just proved again that a bold America-first strategy pays off.
In a major diplomatic victory on Friday morning, Trump revealed that Vietnam is ready to completely eliminate tariffs on U.S. products—yes, zero tariffs—after tough new duties were slapped on their exports earlier this week. The message from Hanoi? They don’t want to mess with Trump’s economic firepower.
“Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future,” Trump posted on Truth Social.
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This breakthrough phone call triggered a swift reaction in the markets. American companies with deep manufacturing ties to Vietnam saw their stock prices jump instantly. Nike shares, for instance, surged over 4% on the news—fueled by investor optimism that Trump’s high-stakes tactics were winning again.
The Wall Street Journal confirmed the market movement, noting, “News of the call, which Trump posted about on social media, sent stocks of companies that make some of their goods in Vietnam higher. Shares in Nike, for example, jumped more than 4%.”
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