GOODBABY INTL surged 15% as the U.S. considers exempting certain baby product tariffs from China
In the United States, over 3.5 million babies are born each year, but nearly all strollers are produced in China, and tariffs are causing related living costs to rise
According to Reuters, U.S. Treasury Secretary Becerra stated that the Trump administration is considering exempting tariffs on car seats, strollers, cribs, and other essential goods for infants and toddlers from China.
Democratic Congresswoman Ayanna Pressley questioned Becerra during a House Financial Services Committee hearing, pointing out that over 3.5 million babies are born in the U.S. each year, but nearly all strollers are produced in China, leading to rising living costs.
GOODBABY INTL's stock price surged today, currently up 14%:
GOODBABY INTL is an investment holding company primarily engaged in the design, research and development, manufacturing, marketing, and distribution of children's products
