President Trump has announced a new trade deal with Vietnam, which is set to allow U.S. goods access to the Vietnamese market duty-free. This deal has led to a spike in various retail stocks, including giants like Nike and Lululemon, as investors reacted positively to the news amidst mixed jobs data affecting the stock markets. The S&P 500 reached a new record high while the Dow experienced fluctuations. The deal is viewed as a strategic move, particularly in light of the ongoing trade tensions with China and as the U.S. aims to leverage its position to negotiate better terms. Tariffs of up to 20% will be imposed on certain Vietnamese exports, a point that Trump has highlighted in his announcements.