After negotiations in Geneva between U.S. and Chinese officials, both countries will be partially pausing tariffs for 90 days starting May 14th. The U.S. will drop its tariffs to 30% (due to the 20% “fentanyl tariffs”), and China will drop its tariffs to 10%.
The market has rallied as expected, and many tariff-prone stocks that would’ve otherwise been crushed in a long-term trade war have seen their stocks soar. President Donald Trump has also said that tariffs on China will never go back to the level of 145% even if these tariffs expire without both sides reaching an agreement.
If you think that this pause will lead to a permanent resolution of the trade war, it’s worth buying up some stocks that could be major beneficiaries. Here are three to look into.
This post originally appeared at Money Morning.