Trump Bows to Economic Fears in Move to Delay China Tariffs

  • The U.S. and China are, much to the relief of markets, making moves to step back from the brink of an all-out trade war. 
  • President Donald Trump delayed the imposition of new tariffs on a wide variety of consumer products including toys and laptops until December.
  • Chinese officials are sticking to their plans to visit Washington in September for face-to-face meetings, according to people familiar with the matter.
  • Whatever the chances of a positive outcome, investors have welcomed the pause in escalations from both sides. 

 (Source: Bloomberg)