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Archive: https://archive.today/ybQhw
From the post:
>Wall Street rose on Friday after the Supreme Court struck down most of President Donald Trump’s sweeping emergency tariffs. Shares of retailers that had been squeezed by higher import costs jumped the most, but manufacturers were also up. Amazon - which gets around 70 percent of its goods from China - rose 2 percent. It had warned that tariffs were pushing up prices on some items sold on its platform. ‘A lot of what Amazon sells is imported,’ Jed Ellerbroek, a portfolio manager at Argent Capital Management, said. ‘If tariffs push prices up, customers buy less. Removing that threat is what the market is reacting to.’
Archive: https://archive.today/ybQhw
From the post:
>>Wall Street rose on Friday after the Supreme Court struck down most of President Donald Trump’s sweeping emergency tariffs.
Shares of retailers that had been squeezed by higher import costs jumped the most, but manufacturers were also up.
Amazon - which gets around 70 percent of its goods from China - rose 2 percent. It had warned that tariffs were pushing up prices on some items sold on its platform.
‘A lot of what Amazon sells is imported,’ Jed Ellerbroek, a portfolio manager at Argent Capital Management, said. ‘If tariffs push prices up, customers buy less. Removing that threat is what the market is reacting to.’
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