Dow Gains 669 Details Amid Noted Trade Talks With China

Enlarge this imageTrader Fran O'Connell functions over the flooring Zach Zenner Jersey of the The big apple Inventory Trade. The Dow Jones industrial common rebounded sharply on Monday adhering to a report of U.S.-China trade talks.Richard Drew/APhide captiontoggle captionRichard Drew/APTrader Fran O'Connell functions to the ground with the The big apple Stock Trade. The Dow Jones industrial average rebounded sharply on Monday subsequent a report of U.S.-China trade talks.Richard Drew/APUpdated at four:05 p.m. ET U.S. inventory indexes surged about 3 % Monday following fears eased of the trade war with China. The two ma sive buying and selling partners reportedly are negotiating to further improve U.S. usage of Chinese marketplaces. The Wall Road Journal noted the U.S. and China have "quietly started negotiating" and that U.S. Treasury Secretary Steven Mnuchin is contemplating a trip to Beijing for talks. The Dow Jones industrial ordinary closed up 669 factors, or practically two.eight percent, to 24,203. The S&P 500 index climbed 70 points, or 2.7 p.c, and the Nasdaq gained 228 details, or 3.3 p.c. Loading... Last Thursday and Friday, the Dow lost more than a total of 1,100 factors amid increasing signs Calvin Johnson Jersey of the looming trade war between the 2 major investing a sociates. The Journal, citing people with knowledge of your matter, said: "The talks, which cover wide areas including financial services and manufacturing, are being led by Liu He, China's economic czar in Beijing, and U.S. Treasury Secretary Steven Mnuchin and U.S. trade representative Robert Lighthizer in Washington."In a letter Me srs. Mnuchin and Lighthizer sent to Mr. Liu late last week, the Trump administration set out specific requests that include a reduction of Chinese tariffs on U.S. automobiles, more Chinese purchases of U.S. semiconductors and greater use of China's financial sector by American companies, the people said. Mr. Mnuchin is weighing a visit to Beijing to pursue the negotiations, one of these people said." Stock indexes around the world fell last week as the Trump administration prepared to impose stiff tariffs on Chinese imports in a bid to cut the U.S. trade deficit with China by $50 billion."The tariffs on China are a response to long-standing complaints that Beijing unfairly requires U.S. companies to share their technology as a cost of doing busine s in that country," NPR's Scott Horsley claimed. The Chinese government announced a list of retaliatory tariffs it would impose on about $3 billion worth of U.S. exports, in response to a separate set of U.S. tariffs on steel and aluminum imports. President Trump on Thursday signed a temporary exemption until May 1 from the steel and aluminum tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union. Speaking Monday on Morning Edition, former U.S. Treasury Secretary Lawrence Summers said the U.S. should focus "on what is a major i sue ... the forced transfer of valuable U.S. technologies to Chinese firms, and not concentrate on i sues that are probably counterproductive for the American economy anyway, like steel."Tariffs on steel and aluminum could hurt other manufacturers that use those metals to make everything from aircraft to Hershey's Ki ses.

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