President Donald Trump said that Vietnamese leader To Lam is willing to eliminate tariffs to avoid punishing new US duties imposed on the Southeast Asian nation’s imports. Lam “told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.

President Trump said he had a call with Vietnam leader To Lam, and said that the latter wants to cut Vietnam’s tariffs down “to ZERO if they are able to make an agreement with the U.S.” News of the call,

The president’s statement helped boost shares in apparel brands Nike, Lululemon, and American Eagle — all of which have major operations in the country.