Trump says major Nike producer Vietnam wants to slash its tariffs ‘down to ZERO’ after ‘productive call’

President Trump said Friday he had a “productive call” with a top Vietnamese official, adding that the Communist Southeast Asian nation “wants to cut their Tariffs down to ZERO” pending a free trade agreement.

Trump’s statement on his call with To Lam, Communist Party of Vietnam general secretary, helped boost shares in apparel brands Nike, Lululemon, and American Eagle — all of which have large manufacturing operations in the country — as all major indexes plunged for a second consecutive day.

“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.,” Trump posted on Truth Social...