Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

By MARLEY JAY
AP Business Writer 

Hope for US-China trade progress sends stocks jumping

NEW YORK (AP) — Industrial and technology companies led stocks to solid gains Monday after the U.S. and China appeared to make significant progress in trade talks.

 

May 22, 2018



NEW YORK (AP) — Industrial and technology companies led stocks to solid gains Monday after the U.S. and China appeared to make significant progress in trade talks. That helped ease concerns among investors that the world’s two biggest economies might be headed for a trade war.

After another round of talks, the two countries agreed not to place tariffs on goods imported from the other. The Chinese government said it will buy more U.S. goods, including energy and agricultural products, while Treasury Secretary Steven Mnuchin said the U.S. postponed its proposal to put tariffs on up to $15...



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