U.S. Market Soars After Chinese Tariff Delay Announcement

Wall Street saw stocks jump on Tuesday after the U.S. said it would delay another round of tariffs targeting Chinese goods.

Stocks rose sharply on Wall Street Tuesday after the U.S. government said it would delay new tariffs on certain goods imported from China and remove tariffs on other goods entirely.

The news marked a welcome cool-off of trade tensions between the two economic giants which has been roiling global markets for weeks. President Donald Trump’s announcement of the wide-ranging new tariffs on August 1 rattled investors, as did a subsequent decision by Beijing to allow its currency to weaken against the dollar.

Continue reading the full article at ABC News.

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