Shares of Nike and other apparel makers rose on Wednesday after U.S. President Donald Trump said he had struck a trade deal with Vietnam that would impose a lower than initially expected tariff rate on many imports from the Southeast Asian 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.

Vietnam shipped $137 billion worth of goods to the USA last year, making them the sixth-highest exporter, with high quantities of computers, electronics, apparel, and furniture were among the key categories. However, details are at a premium, and it’s not clear just how the tariffs will affect prices at this stage.