Chinese Stocks Rise as Trump Holds Off on Day-One Tariffs
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After bracing for a torrent of tariffs by Donald Trump from his first day in office, investors in Chinese assets are breathing a sigh of relief — at least for now.
Chinese stocks advanced as the US president fell short of announcing immediate action against the Asian rival, even as he threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1. Trump declined to say when he would impose additional levies on China.