The two largest economies in the world, the United States and China, have extended the deadline again for the prices to come into force.
A last minute executive decree of the American president Donald Trump Will prevent taxes on Chinese imports in the United States from going to 30%. Beijing also announced the extension of the price break at the same time, according to the Ministry of Commerce.
These prices on goods entering the United States from China were to take effect on Tuesday.
The extension allows new negotiations with Chinese Prime Minister Xi Jinping and also prevents prices from increasing to 145%, a level threatened after tat increases for the TAT following the announcement of the so-called Trump release day on April 2.
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It is the second truce of 90 days Between the sides.
Countries have reached an initial framework for cooperation in May, the United States reducing its 145% tariff on Chinese goods to 30%, while reprisal rates in China have dropped to 10% on American items.
A 20% price had been implemented on China When Mr. Trump took office, what his administration said was a failure to stop illegal drugs entering the United States.
Sectoral prices, such as 25% cars tax,, Aluminum and steelStay in place.
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The hopes of a possible permanent agreement have led to optimism among investors, because the Japanese and Australian stock markets have reached record heights.
Chinese stock markets increased in response to the news, with Hang’s Hang Seng up 0.25%.
The Shanghai composite stock market index increased 0.5%.
Actions in Europe also obtained a boost with the Stoxx 600 index on the scale of Europe up 0.26% and the Benchmark FTSE 100 of the United Kingdom by earning 0.32% as the share of mining companies increased. These companies are linked to the Chinese economy.