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Clothing stocks got a lift from the U.S.-Vietnam trade deal. But an analyst sees these difficulties ahead. Provided by Dow Jones Jul 3, 2025, 10:43:00 AM ...

Pressure for trade deals is mounting as the temporary reduction of Trump’s reciprocal tariffs is set to end in a matter of days.

This followed Trump’s announcement of a deal with Vietnam that lowers U.S. tariffs on many Vietnamese goods to 20%, down from the previously threatened 46%.

After digesting the U.S.-Vietnam trade deal and private job losses in June, investors decided to lift the S&P 500 to another record.

Since Trump’s “Liberation Day” tariff blitz on April 2 Beijing has warned governments against striking deals with the U.S. that hurt China.

Vietnam is a top destination for retailers and brands looking to reduce their reliance on factories in China, but has also become a target of Trump's aggressive trade policy.