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.