US delays China tariffs for laptops and mobile phones

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US delays China tariffs for laptops and mobile phones
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Wall Street markets climbed sharply as Washington pulled back from its hardline stance in the trade war with Beijing

Shares in tech stocks were big gainers, with iPhone maker Apple up 5%.

Events elsewhere, such as major protests in Hong Kong and market turmoil after primary elections in Argentina, have added to the combustible mix of world events troubling investors. The latest decision came less than two weeks after Mr Trump said he would impose a 10% tariff on $300bn of Chinese goods, blaming China for not following through on promises to buy more American agricultural products.

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