LVMH: China and USA move closer in the tariff dispute. Comeback opportunity!

The USA and China are reducing their tariffs for 90 days to negotiate in the trade war and work towards a deal. The USA still imposes tariffs of 30%, while China only has 10%. A major beneficiary of this de-escalation is luxury goods manufacturer LVMH! LVMH is known for its leather goods, wines, spirits, watches, jewelry, and cosmetics. The company benefits from the de-escalation in the tariff war, as recession worries about the economy ease and consumer confidence is expected to rise. Consequently, more luxury goods are likely to be purchased....