The Dow surges more than 500 points after the US postpones China tariffs
|08/13/2019||Posted by BusinessMediaguide.Com under General World News||
- All three major US stock indexes rose on Monday after the Trump Administration said it would exempt some Chinese imports from tariffs scheduled to take effect in September.
- The US Trade Representative also said duties on other products, including cell phones, laptops, and some clothing items, would be postponed until December 15.
- Shares of Apple jumped as much as 6% on the news. The company’s iPhone was poised to get hit by the 10% tariff.
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Stocks soared on Monday after the Trump administration announced it would exclude some products from the read more >>>