1213 ET - The pause to most reciprocal tariffs moderated the burden on many retailers, but the incremental China tariff increase puts companies like Best Buy and Five Below in the spotlight, Morgan Stanley analysts say in a research note. While lower tariff levels across the board, excluding China, will still weigh on retail fundamentals, the headwind is more moderate than before Liberation Day's tariff announcement. For softline retailers, Nike and Tapestry are most favorably positioned, while Torrid and Warby Parker appear the least. Within Morgan Stanley's hardlines coverage, Academy Sports & Outdoors, Best Buy and Five Below appear most at risk on their China dependency, the analysts add. According to the White House, Trump tariffs on China are actually 145%, and not 125% as it previously indicated. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 10, 2025 12:13 ET (16:13 GMT)
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