Nike stocks received a boost following news that President Trump was in discussions with Vietnam regarding tariffs. Trump had proposed imposing a 46% duty on goods imported from Vietnam, causing Nike's shares to drop by 14%. However, shares rose by 3% to around $58 per share after Trump hinted at negotiations with Vietnam to potentially reduce the tariff rates. Vietnam has requested a delay in the tariff. Trump mentioned engaging in productive talks with Vietnam's leadership, aiming to eliminate tariffs. Last year, Vietnam was poised to be significantly impacted by Trump's proposed tariffs due to its substantial trade volume with the US.