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LL - Lumber Liquidators Benefits From Tariff Exemptions
Lumber Liquidators Holdings Inc
Lumber Liquidators (LL) saw a boost from its announcement that the United States Trade Representative ((USTR)) "retroactively excluded certain flooring products imported from China from the Section 301 tariffs" and that its 2019 operating margins would be increased by around 1% as a result. The USTR decision had been disclosed before, but the actual impact was uncertain at the time.
It now appears that close to half of Lumber Liquidators' tariffed items (by revenue) are excluded from the tariffs now. This is a significant boost to Lumber Liquidators and ameliorates the impact of