Economics
Trump Delays China Tariff Increase as Trade Talks Approach
- S&P 500 futures climb, offshore yuan strengthens on news
- Rescheduling allows talks to take place without tariff hike
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President Donald Trump said he was postponing the imposition of 5% extra tariffs on Chinese goods by two weeks, a move that delays the next escalation of the trade war and brightens the backdrop for upcoming negotiations.