Morgan Stanley says these stocks could win as U.S.-China trade tensions resurface

News Snapshot:

The Biden administration's decision to impose tariffs on $18 billion worth of imports from China could help a handful of stocks break out, according to Morgan Stanley. The tariffs announced Tuesday cover all manner of goods imported from China, from electric vehicles to solar cells to certain types of steel and aluminum. The move follows weeks of warnings from White House officials that called for China to change trade practices that the U.S. said hindered global supply chains. According to Morgan Stanley anaysts led by strategist Laura Sanchez, near-term growth headwinds as a result of the tariffs could be outweighed...