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Mattel's Plea for Lower Tariffs Pays Off and the Stock Pops

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Summary
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Tariffs on imports from China have been cut from 145% to 30% for the next 90 days .

This will allow for more negotiations, and although a deal is far from final, it looks like tensions are coming down for now.

Mattel (NASDAQ: MAT) was a big winner, rising 11.1% at its peak and holding a 10.2% gain at 3:45 p.m. ET after being in the president's crosshairs.