President Donald Trump said he had a "very productive call" with a top Vietnamese official on lowering duties on US imports from the nation.

The president’s statement helped boost shares in apparel brands Nike, Lululemon, and American Eagle — all of which have major operations in the country.

Companies in furniture, hardware, and apparel are all at risk. But shoes and sneakers may top the list. On Wednesday, Trump announced a wide ranging series of reciprocal tariffs on imported goods from countries including China and Japan.