Vietnam’s general secretary: Vietnam ready to cut tariff to 0

Vietnam general secretary To Lam says:

• Vietnam ready to cut tariffs 20 and asks US to do the same
• Agreed with Pres. Trump to discuss and sign bilateral agreement to concretize commitments on zero tariffs
• Invites Trump to Vietnam and says Pres. Trump accepted invitation.

The announcement has led to shares of Nike spiking up $2.69 or 4.85% to $58.28. At session lows today the price was down $-3.08. Yesterday the price fell $-9.38.. Since February 26 the price is down -38.32%. Nike shares are still down -8.42% this week.

Lululemon shares are up $7.87 or 3.08%. At session lows today, the price was down $-20.81. From January 31, the price is down -44.47%. Yesterday the price fell $-27.10. The price is still down -10.5% this week.

This article was written by Greg Michalowski at www.forexlive.com.