In a significant development for U.S.-Vietnam relations, President Trump has announced a new trade deal aimed at boosting economic ties between the two nations. Key aspects of the agreement include a 20% tariff on Vietnamese imports to the U.S., while American products will benefit from zero tariffs in Vietnam, granting full access to their markets. The announcement has triggered a rise in stocks for major retailers, including Nike and Lululemon, as investors respond positively to the potential for growth in trade. This deal also signals a strategic move to divert supply chains away from China, amid ongoing tensions. The S&P 500 has shown increased activity, though gains are tempered by disappointing jobs data. As details of the deal continue to emerge, both countries are preparing for further discussions to solidify the terms of this landmark agreement.