The temporary suspension of tariffs between China and the US sparks a frenzy in toy stocks, with companies like Mattel (MAT.US) and Hasbro (HAS.US) collectively experiencing a "retaliatory rebound".
Zhtng Cijng APP noted that after the United States agreed to temporarily postpone additional tariffs on China, the stock prices of major toy manufacturers collectively surged on Monday. According to the agreement, the United States will suspend most tariffs and other trade barriers within 90 days, including reducing the 145% tariff imposed by the Trump administration on Chinese imports to 30%.
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