China's state media says Beijing is welcomingthe planned tariff rate increase from 25% to 30% on $250 billion of Chinese goods by two weeks, to Oct. 15. Trump tweeted that the postponement came "at the request of the Vice Premier of China, Liu He and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary" on the originally planned tariff date of Oct. 1.to exempt 16 types of U.S.
Thursday morning, adding to Wednesday's nearly 3% plunge after a report that Trump weighed easing sanctions on Iran to help secure a meeting with Iranian President Hassan Rouhani later this month. Relaxing sanctions on Iran could lead a flood of crude supply at a time of lingering worries about global demand. Recently departed national security advisor John Bolton argued against the move,
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