Analysts at Wells Fargo believe that the world's second-largest jewelry retailer Tiffany will benefit from China's trade policy. Fees for the import of 18 types of jewelry, transferred to the category of consumer goods for daily use, were reduced by an average of 68% from July 1 this year. Wells Fargo estimates that the reduction of import duties on jewelry from precious metals and precious stones will add from 10 cents to 50 cents to the profit per share of the US company due to an increase in margins or sales volumes. According to a survey conducted by CNBC, almost two-thirds of US companies expect that US trade policy will negatively affect their business in the next 6 months.
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