Wayfair: Tariff Agreement Between USA and China Creates Optimism. Analysts from Argus See Room to $40.

Positive signals from the trade talks between the USA and China, which took place over the weekend in Geneva, led to a significant surge in US futures on Monday. As part of an agreement negotiated in Geneva, the USA will reduce tariffs on Chinese goods from 145% to 30%, while China will lower tariffs on US imports from 125% to 10%. Thus, the USA and China have agreed to reduce tariffs for the next 90 days. A beneficiary is Wayfair (W) , a US online furniture retailer that sources a significant portion of its products from China. Therefore, changes...