China to cut US tariffs as coronavirus risks deepen
by Larry Elliott Economics editor from Economics | The Guardian on (#4YZS8)
Markets rally after Beijing unveils plan to halve extra levies on 1,717 US products
A fourth day of gains sent shares on Wall Street to fresh peaks after China sought to bolster its coronavirus-hit economy by cutting tariffs on a range of US products.
Despite evidence of the growing global impact of the virus, hopes that the medical emergency might lead to a trade truce between the world's two biggest economies sent the Dow Jones industrial average and the S&P 500 to record highs in early trading on Thursday.
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