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Retailers and Toy Makers Jump Midday After U.S. Delays Tariffs on Chinese Goods

Investing.com - Retailers and toy makers got a respite from the trade war on Tuesday after the U.S. Trade Representative office said tariffs on some toys and apparel goods would be delayed.

The 10% tariffs on Chinese imports, which were originally expected to be implemented on Sept. 1, have been pushed back to Dec. 15, the USTR said in a press release.

The delayed products include "cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing," the press release stated.

Target (NYSE:TGT)gained 3.4% in midday trade, while Mattel (NASDAQ:MAT) jumped 3.9% and Walmart (NYSE:WMT) was up 2.2%. Nike (NYSE:NKE) and Foot Locker (NYSE:FL) were both up over 2%. Hasbro (NASDAQ:HAS) surged 4.2%.

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