Stocks jump higher as White House delays tariffs on key Chinese imports

Posted on AllSides August 13th, 2019
From The Right

US stocks jumped higher on Tuesday as fears of a drawn out global trade war eased, after the White House said tariffs on key Chinese imports would be delayed.

Stocks originally turned positive on a report that China's commerce secretary agrees to conduct a phone call in two weeks with U.S. trade representatives, according to Reuters.

Stocks then took off as as part of USTR’s public comment and hearing process, it was determined that the tariff should be delayed to December 15 for certain articles.

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