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Shares of Nike, Wayfair, and other retailers with a significant production footprint in Vietnam rose Wednesday as President ...

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The S&P 500 added 0.5% on Wednesday, July 2, 2025, reaching a record-high close for the second time this week as the U.S. announced a trade deal with Vietnam.

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The deal is important to Vietnam, which would have faced tariffs nearly double what is outlined in the agreement. It will also impact global trade and U.S. companies like Nike.