Retail stocks such as Capri Holdings Limited (NYSE:CPRI) and Ralph Lauren Corp (NYSE:RL) are up Wednesday after President Donald Trump announced a 90-day suspension on reciprocal tariffs for countries that have not retaliated against the U.S., easing trade tensions for import-heavy sectors.
What To Know: Trump’s announcement excluded China, which instead will face an immediate 125% tariff hike. The decision triggered a broad rally across consumer and discretionary stocks, …