Delayed China tariffs are helping the stock market approach a record high by skleb1234
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A temporary respite from U.S.-China trade tensions helped take the U.S. stock market higher on Thursday. Stocks continued to soar higher on Thursday, with all signs pointing to the market closing at all-time record highs in the wake of easing trade tensions. The S&P 500 is up 0.58% for the day—just 0.31% off its record of 3,027.98, while the Dow Jones Industrial Average has risen 0.51%—about 0.44% off its record of 27,398.68.on 16 different types of U.S. goods, including shrimp, fish meal, and cancer treatment drugs.that he would delay his latest tariff hike on $250 billion worth of Chinese goods by two weeks, “as a gesture of good will”—causing stock futures to rise.
that the Trump administration was considering an interim trade deal to delay and remove some China tariffs. The market shed some of its early gains, however, after a senior White House official told CNBC that the U.S. is “Still, with de-escalating tensions on the trade front, the market was able to recover and jump back to session highs.The two countries, which have imposed billions of dollars’ worth of tariffs on each other, will hold another round ofin Washington, D.C. Deputy-level discussions, starting next week, will lay the groundwork and lead up to the meeting.
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