Trump had planned to raise tariffs to 25% from 10% on $200bn worth of Chinese imports into the US if a deal between the two were not reached by Friday
BOILER-PIPE: 25 February 2019 - 16:48 Jeff Mason and David Lawder US President Donald Trump looks on during a meeting with China’s Vice-Premier Liu He in the Oval Office at the White House in Washington, the US, on February 22 2019.
" JP Morgan Asset Management market strategist Tai Hui said the move suggested both sides wanted a settlement of the dispute and added that further tariff escalation would have added to concerns about the US growth outlook. Markets, which have been sensitive to the dispute as it has slowed global growth, and some US trade associations cheered Trump's move. US equity index futures opened higher on Sunday evening as trading kicked off for the week.
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