trending Market Intelligence /marketintelligence/en/news-insights/trending/iBFg5PlqPQMl_FXGpupImg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Retail stocks climb after US delays tariffs on some Chinese imports

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Retail stocks climb after US delays tariffs on some Chinese imports

U.S. retail stocks rose after the U.S. delayed the imposition of 10% tariffs on certain Chinese imports until December.

The Office of the U.S. Trade Representative said Aug. 13 that new China tariffs on consumer goods such as cell phones, laptops and video game consoles will be delayed until Dec. 15. Other products will be removed entirely from the tranche of tariffs that had been slated to go into effect Sept. 1. The trade agency said it is removing the products due to "health, safety, national security and other factors."

The move comes almost two weeks after President Donald Trump announced Aug. 1 a proposed 10% tariff on $300 billion of Chinese goods to go into effect in September.

Shares of footwear giant Nike Inc. were up by 1.8% to $83.11 in midday trading on Aug. 13. Shares of Target Corp. rose 3% to $84.51, and Best Buy Co. Inc.'s shares climbed 5.6% to $70.72.

Department store operator Kohl's Corp.'s shares rose 2.6% to $50.53, while shares of rival Macy's Inc. rose 0.9% to $19.46. Nordstrom Inc.'s shares also were up, by 2.4% to $29.29.