Amazon's stock price is projected to increase by 8.2% at market open on Monday following the announcement of a trade deal between the United States and China. This trade deal significantly reduces tariffs on Chinese goods, which had placed financial pressure on Amazon due to rising consumer goods prices and recession risks. While the stock's rise is significant, it remains part of a broader recovery amidst a challenging trading environment significantly influenced by the ongoing trade war.
U.S. Representatives successfully negotiated a trade deal with China that eliminates reciprocal tariffs, providing a boost to Amazon's stock amid the ongoing trade tensions.
Amazon's stock is expected to open 8.2% higher on Monday due to the positive market response to the U.S.-China trade deal, helping alleviate recession fears.
Collection
[
|
...
]