
Deal reduces costs for major apparel brands
Shares of Nike and other major retailers rose on news of the US-Vietnam trade deal, which is expected to reduce tariff-related costs for companies sourcing goods from Vietnam.
Analysts say the agreement will help stabilize supply chains and ease pressure on retail margins that had been threatened by escalating trade barriers.
Analysts say the agreement will help stabilize supply chains and ease pressure on retail margins that had been threatened by escalating trade barriers.