Shares of Nike and textile makers have rallied on a comment from Trump on Truth Social. He wrote:

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. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future.

The messaging from the White House yesterday was that there wouldn’t be negotiations. That doesn’t seem to be the case. That could help risk assets more broadly.

This article was written by Adam Button at www.forexlive.com.