The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

STORY: It could spell relief for companies like Nike.Donald Trump says he will put 20% tariffs on Vietnam’s exports to the U.S.That was lower than expected, meaning it may be good news for firms like the sportswear giant,