Retail stocks with heavy exposure to Vietnam were rising Wednesday after President Donald Trump announced a trade deal with Vietnam that would lower tariffs on goods imported to the U.S. from there to 20% from the 46% announced back in April.

Shares of Nike, Wayfair, and other retailers with a significant production footprint in Vietnam rose Wednesday as President Trump said the U.S. reached a trade deal with the 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.