Consumer stocks surged as US and China agree to lower tariffs for 90 days

From Yahoo Finance: 2025-05-12 12:00:00

Stocks surged after the U.S. and China agreed to lower tariffs for 90 days. Consumer discretionary companies like Williams-Sonoma and Nike saw significant gains. Toy makers also stand to benefit. The S&P 500’s consumer discretionary sector rose over 5%, outpacing the broader index. Some companies may no longer need to raise prices due to tariffs. The U.S. will lower tariffs on Chinese imports to 30%, China will cut tax on U.S. imports to 10%.



Read more at Yahoo Finance: Consumer Stocks Pop After US-China Trade War Eases