Why General Electric Stock Is Jumping on Tuesday

According to President Trump's U.S. trade representative, the latest round of 10% tariffs to be applied to Chinese imports may not arrive as scheduled in September. Some goods on the $300 billion in Chinese products initially targeted may not get hit with tariffs until Dec. 15, while others may be excluded entirely. The news is lifting stocks all across the market today. Shares of General Electric (NYSE: GE), for example, were up 5% as of noon EDT. And tariff news isn't the only reason.

Image source: Getty Images.

In addition to benefiting from general elation in the market today, General Electric shares are getting a lift from some other China-specific news. On Tuesday, GE announced that it has secured two new 6F.03 gas turbine orders with China's Guangdong Lee & Man Paper Manufacturing, and with China Huadian Corporation (CHD).

Source Fool.com