Why Lowe’s, Kohl’s, and Stanley Black & Decker Stocks All Popped This Morning
From Yahoo Finance: 2025-05-12 10:28:00
The White House announced a 90-day pause on most new China tariffs, reducing rates on Chinese goods to 30% and U.S. exports to 10%. Retailers like Lowe’s, Stanley Black & Decker, and Kohl’s saw stock prices rise. The move is part of a strategy to “decouple” the U.S. economy from China.
Investors reacted positively to President Trump’s deal with China to roll back tariffs temporarily. Treasury Secretary Scott Bessent mentioned the goal of “decoupling” the U.S. economy from China strategically. Lowe’s, Stanley Black & Decker, and Kohl’s import significant portions of their goods from China, making them sensitive to tariff negotiations.
Despite the temporary truce, ongoing tariff negotiations with China will affect Lowe’s, Stanley Black & Decker, and Kohl’s. The companies import a substantial amount of goods from China and other countries subjected to tariffs. Investors should remain cautious as tariffs could reappear, impacting the stocks’ performance.
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Read more at Yahoo Finance: Why Lowe’s, Kohl’s, and Stanley Black & Decker Stocks All Popped This Morning