Wall Street rose on Tuesday after the Trump administration announced a delay on ...
NEW YORK - Wall Street rose on Tuesday after the Trump administration announced a delay on select Chinese import tariffs, bringing buyers back to the equities market in a broad-based rally.
U.S. Trade Representative Robert Lighthizer said the United States would hold off on implementing additional 10% tariffs on key Chinese goods, including laptops and cell phones, tariffs that were originally set to go into effect next month. “It’s very reminiscent of when we were in Vietnam and the U.S. was in talks about ending the war and you’d get periods of high hopes followed by crushing blows.”
Traders work on the floor at the New York Stock Exchange in New York, U.S., August 13, 2019. REUTERS/Eduardo Munoz
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