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Media & Tech Stocks Pop As China Tariff Tensions Thaw
Media and technology shares followed broader markets higher as the U.S. and China announced a 90-day pause in punishing tariffs.
Media and technology shares followed broader markets higher as the U.S. and China announced a 90-day pause in punishing tariffs that risked economic havoc on both nations. The two countries issued a joint statement Monday agreeing to slash reciprocal tariffs down to 10%, “recognizing the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship.” The giant streamer is felt to be public entertainment company most exposed to a tariff on content produced outside the U.S. which President Trump floated a week ago and rose from 100% to 120% in a plan released by his Ambassador to Hollywood, Jon Voight.
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