Incredible Global Rally Continues, As Tariff Non-News Resonates In Risk-On Environment

Incredible Global Rally Continues, As Tariff Non-News Resonates In Risk-On Environment

China's reciprocal halving of tariffs on some $75 billion in US goods served as yet another catalyst for equities Thursday, as Asian shares extended gains. As part of the "Phase One" trade deal between the world's two largest economies, Donald Trump said he would slash the tariff rate on more than $100 billion in Chinese goods taxed from September 1 to 7.5% from 15%. China's announcement Thursday amounts to reciprocation. Beijing will lower the rate on some items to 5% from 10%, and on others
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