Source: International Business Times
Donald Trump called the tariffs cuts a 'total reset' and said talks with Chinese counterpart Xi Jinping could take place soon AFP Most Asian stocks extended gains Tuesday as investors continued to bask in the glow of the China-US tariff suspension that has fuelled hopes the world's two economic superpowers will step back from a punishing trade war. Equity markets across the world rallied with oil and the dollar Monday after the two sides said they would slash most of their eye-watering tit-for-tat levies and hold talks to end a standoff that has stoked recession fears. The news raised hopes that deals can be done with Washington to cut or even remove some of the tolls unveiled by Donald Trump on his "Liberation Day" on April 2 that sent shivers through trading floors and raised concerns about the global trading system.
