Dow Jones Up Over 400 Points Over Possibility of Avoiding Trade War With China
By Leia Klingel, Fox Business // August 16, 2018
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(FOX BUSINESS) – U.S. stocks surged Thursday, with the Dow Jones Industrial Average advancing more than 400 points on robust earnings and optimism about a potential China-U.S. agreement to avert a trade war.
China said on Thursday a delegation would attend the next round of trade talks with U.S. counterparts in Washington later this month. China and the United States have gone back and forth with tit-for-tat tariffs and have threatened further tariffs on exports worth hundreds of billions of dollars.
The announcement came from China’s Ministry of Commerce.
Larry Kudlow, President Trump’s top economic adviser, said during an appearance on “Fox & Friends” on Thursday that “We’ve got a Chinese delegation coming next week – a kind of second-level delegation, so maybe they’ll reopen those talks.”
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