Reported 9 days ago
Retail stocks surged after President Trump announced a 90-day pause on higher tariffs for countries not retaliating against the US, benefiting key suppliers in the apparel sector. Notable increases were seen in companies like Nike, which rose 11%, and Walmart, which increased by 9.5%. This development offers some relief amid uncertainties in global supply chains and trade negotiations, particularly as retailers navigate the evolving tariff landscape.
Source: YAHOO