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Why Amazon Stock Is Bouncing Up Today

TheMotleyFool

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Shares of e-commerce giant Amazon (NASDAQ: AMZN) spiked today on news that President Donald Trump's administration is willing to ratchet down its trade war with China. Specifically, The Wall Street Journal is reporting the administration may cut import tariff on goods from China by more than half.

Treasury Secretary Scott Bessent's comments today that there "will be a de-escalation" between China and the U.S. also helped send stocks soaring.

Amazon stock was up by roughly 5% as of 12:45 p.m. ET.

Source Fool.com

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