Lumber Liquidators had a 3.6% bump in pre-open trade Monday after announcing some of its products are among those recently excluded from 25% tariffs imposed by the U.S. on $200 billion worth of Chinese products, Street Insider reported.
The United States Trade Representative announced a list of products excluded from the Chinese tariffs Nov. 7. The list included specific vinyl and engineered flooring products. The exclusions will apply from Sept. 24, 2018, to Aug. 7, 2020.
“The company is evaluating the details of the USTR exclusion and determining the potential current and future impact on the company,” Lumber Liquidators stated in an SEC filing.
Following the filing, Lumber Liquidators’ stock bounced 1.34% by the end of Monday to $9.05, but had dropped to $8.65 at press time.
