NEW YORK: Wall Street stocks rallied on Tuesday after President Donald Trump delayed tariffs on key Chinese goods, a shift from recent escalations in the long-running dispute between Washington and Beijing.
And news that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war that had been escalating in recent weeks. Shares of Apple surged 4.2 per cent, while electronics retailer Best Buy jumped 6.5 per cent. Nike won 2.1 per cent, Ralph Lauren 1.6 per cent and toymaker Hasbro 2.8 per cent. Toys and clothing also got a reprieve from the tariffs.
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