Ultrasonic vibration is widely utilized in manufacturing processes mainly because acoustic field could significantly affect the metal plasticity leading to stress reduction. However, viewpoints on the influence mechanism have not reached a consensus yet. In this paper, an ultrasonic vibration assisted uniaxial tension experiment with copper foils is carried out using a specially-developed device. The results show that the extent of stress reduction increases with the increase of the vibration amplitude. Acoustic softening and stress superposition are both considered in a developed model to describe the stress reduction due to ultrasonic excitation during metal forming process. Considering ultrasonic vibration provides the energy for dislocation sliding, acoustic softening is analyzed based on crystal plasticity theory considering ultrasonic intensity. Stress superposition, mostly induced by the additional periodic strain, is included by taking account of its proportional relationship with vibration amplitude. The calculation results from the numerical model show a good agreement with those from the experiment. These findings provide an instructive understanding of mechanism of stress reduction in ultrasonic vibration assisted metal deformation and is especially helpful for pro-actively designing ultrasonic vibration assisted metal forming processes.