By MICHELLE CHAPMAN, AP Business Writer

Shares of many companies that source at least some of their goods from China are surging on Monday as U.S. and Chinese officials announced that they had reached a deal to roll back most of their recent tariffs and called a 90-day truce in their trade war to allow for more talks on resolving their trade disputes.

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U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.

There’s still big challenges remaining in the negotiations between China and the United States, but the mood nevertheless was ebullient across Wall Street on Monday, and gains were widespread.

Here’s a look at some of the sectors impacted by the U.S.-China tariff announcement.

Footwear and Athletic Gear

Many of these companies have some of their production in China and elsewhere in Asia. About 97% of the clothes and shoes purchased in the U.S. are imported, predominantly from Asia, the American Apparel & Footwear Association said last month, citing its most recent data.

Nike, up 6.7%

Foot Locker, up 10.1%

Dick’s Sporting Goods, up 11.4%

Under Armour, up 6.9%

Apparel Companies

Similar to footwear companies, many clothing companies make at least some of their items in China and other parts of Asia. In March companies like Abercrombie & Fitch began to caution about their full-year sales potential as American shoppers began to pull back on their spending.

Lululemon Athletica, up 7.7%

Gap, up 7.7%

Ralph Lauren, up 5.2%

Abercrombie & Fitch, up 5.8%

Retail

Retailers that sell a variety of goods are feeling some market relief because the announced trade deal means these companies won’t have to pass on high costs caused by tariffs to their own customers.

Before the agreement was announced, many consumers were fearful of the potential additional costs. Amazon even came out and said that it was not planning to display added tariff costs next to product prices on its site. And Target cautioned in March that there would be “meaningful pressure” on its profits to start the year because of tariffs on Mexico, Canada and China and other costs.

Best Buy, up 5.7%

Amazon, up 7.2%

Target, up 2.9%

Travel Companies

Shares of travel companies are climbing on hopes that lower tariffs will encourage more customers to fly and feel comfortable enough to spend on trips. Prior to the U.S.-China tariff announcement, major U.S. airlines were reducing their flight schedules and revising or withdrawing their profit outlooks for the year due to less domestic travel demand as sentiment about the national and global economies soured.

Carnival, up 8.3%

Norwegian Cruise Line, up 6.6%

Royal Caribbean Cruises, up 3.4%

American Airlines Group, up 5.4%

Delta Air Lines, up 6%

By REBECCA SANTANA

WASHINGTON (AP) — Democratic Arizona Sen. Ruben Gallego is wading into one of Washington’s most contentious and intractable political problems as he puts forward a plan Monday aimed at reforming the country’s immigration system and beefing up border security.

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The plan by Gallego, who beat Republican Kari Lake in last fall’s tight Senate race, calls for hiring more Border Patrol agents; using technology to stop fentanyl smuggling; reforming the asylum system; adding more ways for people to come to the U.S.; and a pathway to citizenship for some immigrants.

Gallego’s plan comes three months into President Donald Trump’s administration as Trump seeks to deliver on campaign promises of carrying out mass deportations. His plan — or any other from Democrats — is unlikely to get much traction with Trump in the White House, but it illustrates that the debate about legislative solutions carries on.

Many members of Congress have tried and failed to change the immigration system. A small group of senators, led by Gallego’s predecessor, Krysten Sinema, negotiated for months in 2023 and 2024 over a border bill that would have toughened asylum protocols for migrants arriving at the U.S.-Mexico border; hired more officers to evaluate asylum claims and Border Patrol agents; and given money to local governments seeing influxes of migrants.

That effort ran into a wall of opposition just hours after the bill was released.

The last time Congress even came close to a breakthrough on immigration reform was in 2013, when a bipartisan group of senators pushed forward legislation creating a pathway to citizenship for millions of people in the country illegally and expanding work visas while tightening border security and mandating that employers verify workers’ legal status. The Senate approved that proposal, but it was rejected by the House.

Gallego’s plan includes some elements that likely will find bipartisan support, such as his calls to beef up border security. But other parts — like efforts to legalize anyone already in the country illegally — will prove much more contentious.

“We don’t have to choose between border security and immigration reform. We can and should do both,” Gallego said in a news release Monday. He said “for decades, Congress has tried and failed to take action because politics got in the way. It’s time to push forward and enact a plan that works.”

Gallego, a Marine Corps veteran who served in Iraq, replaced Sinema, a Democrat-turned Independent from Arizona who often was on the forefront on immigration and border security legislation.

Here’s a look at the 21-page plan:

It offers more ways to get to the United States

Gallego argues that tougher immigration enforcement alone isn’t the answer and that it should be paired with more ways for people to come to the U.S. legally.

The plan calls for increasing the annual allotment of some visas and Green Cards and removing or significantly increasing “arbitrary per-country caps.” He also wants to create new visa categories, boost refugee resettlement and expedite the naturalization process for immigrants who serve in the military.

He also calls for gradually implementing E-Verify, which makes it easy to check if potential employees can legally work in the U.S. E-Verify has often faced resistance over concerns it would lead to widespread labor shortages.

It calls for a pathway to citizenship

Arguing on moral and economic grounds, Gallego calls for a pathway to citizenship for immigrants brought to the U.S. as children.

There’s no exact number of how many people this would encompass, although some estimates put the number as high as 3.4 million people.

Gallego’s plan also calls for a pathway to citizenship for spouses of U.S. citizens who are in the country illegally. President Joe Biden tried something similar last year in a program that would have covered an estimated 550,000 people, but it was swiftly held up by a judge.

It provides for investments in border security

Noting that migrant border arrivals started dropping back in June of last year, Gallego warns that a surge can come at any time so investments should be made now. The senator calls for better pay and addressing issues like workforce safety to help hire and retain Border Patrol agents; investments in technology and infrastructure to detect drugs or human smuggling; and focusing efforts of Immigration and Customs Enforcement on removing people who pose a safety threat.

Gallego, who often speaks about the toll of migrant surges on Arizona’s border towns, also is proposing money to help affected communities.

It bolsters the asylum system

Instead of having asylum cases decided in backlogged immigration courts, Gallego wants to hire more asylum officers and give them the power to decide those cases. He also is proposing making the asylum standard higher and cutting back on asylum access during border surges.

It would look at root causes

Gallego argues the U.S. needs to figure out why migrants are leaving their home countries in the first place and address those problems.

Arson at two old bunkers at the former Twin Cities Army Ammunition Plant in Arden Hills sent smoke billowing into the air over the weekend.

The underground storage bunkers were built out of creosote-coated heavy timbers, according to the Lake Johanna Fire Department. They were used for ammunition storage during World War II, but no longer held munitions or hazardous materials, said Fire Chief Tim Boehlke.

“Someone went through some real effort to light these fires and get them going,” Boehlke said of the Saturday fires.

The bunkers are south of County Road I and Fairview Avenue. The area is difficult to access and there aren’t fire hydrants. Fire engines and tankers, including from neighboring departments, had to bring in water. Firefighters stretched close to 2,000 feet of hose, Boehlke said.

Lake Johanna Fire made the decision to allow the fires to burn themselves out, while monitoring the situation. One of the bunker fires was “essentially out” by Sunday morning and the other was still smoldering as of Sunday afternoon, according to Boehlke.

Anyone with information about the arsons can call the fire department at 651-415-2100 or the Ramsey County Sheriff’s Office.

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By DAVID A. LIEB

In a victory for global agrochemical maker Bayer, Georgia has become the second state to shield pesticide manufacturers from some lawsuits claiming that they failed to warn customers of potential dangers.

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The legislation signed Friday by Georgia Gov. Brian Kemp is designed to protect Bayer from lawsuits claiming that it failed to tell customers that its popular weed killer Roundup could cause cancer. It’s written broadly enough to provide legal protection in Georgia to any pesticide manufacturer that follows federal labeling requirements.

North Dakota’s governor signed the first such law last month, and similar measures have been considered this year in at least nine other states.

Bayer, based in Germany, acquired Roundup with the 2018 purchase of St. Louis-based Monsanto. But it quickly was hit with an onslaught of lawsuits alleging that Roundup’s key ingredient, glyphosate, causes non-Hodgkin lymphoma. More than 67,000 of a total 181,000 claims involving Roundup remain outstanding, but a Bayer spokesperson said Monday that he didn’t have specifics about how many of those are in Georgia.

Though some studies associate glyphosate with cancer, the U.S. Environmental Protection Agency has said it is not likely to be carcinogenic to humans when used as directed.

Bayer insists glyphosate is safe. But it has stopped using the ingredient in its residential version of Roundup and has set aside $16 billion to settle cases. It continues to use glyphosate in its agricultural version of Roundup but has warned that it might have to stop doing so if the legal costs keep mounting.

The new Georgia law is to take effect Jan. 1. That means it won’t effect existing cases, such as a March decision by a Georgia jury to award nearly $2.1 billion in damages to a man who alleged Roundup caused his cancer.

Bayer has teamed up with a coalition of agricultural industry groups to mount a multiprong campaign. In addition to pursuing legislation in states and Congress, it also has asked the U.S. Supreme Court to intervene and has run ads on billboards, newspapers, TV and radio stations and internet sites touting the importance of glyphosate in agriculture.

Glyphosate has for decades been used an efficient way to control weeds with less tilling, which helps prevent soil erosion. For some crops, such as corn, soybeans and cotton, Roundup is designed to work with genetically modified seeds that resist glyphosate’s deadly effect.

Without glyphosate, weeds could become harder to control, crop yields could decline and groceries could become more costly, Bayer said.

The new law “demonstrates that Georgia stands with its farmers, who work tirelessly to produce safe and affordable food,” said Brian Naber, president of Bayer’s crop sciences in North America, Australia and New Zealand.