Yahoo Finance

Best Buy stock rose Monday on news that Chinese-made consumer electronics would face lower tariffs than other goods imported from the Asian country, which is currently facing new levies of 145% on most goods. Shares of Best Buy were up more than 5% in morning trading, though shares pared their gains in the afternoon to a 1.5% increase. The stock has fallen 27% this year over concerns that the retail company’s tech-heavy assortment, largely sourced from China, would make it hard to navigate a higher-tariff environment.