Shares of Nike and other apparel makers rose on Wednesday after U.S. President Donald Trump said he had struck a trade deal with Vietnam that would impose a lower than initially expected tariff rate on many imports from the Southeast Asian country.

Good morning. Donald Trump says Vietnam agrees to a trade deal. Tesla sales tumble but some investors think the worst is over. And Sean “Diddy” Combs is acquitted of top charges after a seven-week trial.

Front Office Sports also reported that Nike is expected to release two more Clark-themed shoes before her signature shoe drops next year. The navy Fever colorway Nike Kobe 6 Protro will be released later this month, and a grey colorway is scheduled for release in the fall.

Nike Inc (NYSE: NKE) could receive a $150 million boost from the expected launch of a signature Caitlin Clark shoe in spring 2026 – according to a sneaker industry veteran, Nick DePaula. His remarks arrive shortly after the Trump administration announced a finalised trade agreement with Vietnam that lowered the tariffs on its imports significantly