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Global stocks rally as investors sense US-China trade truce
Aug 14, 2019: Global stock markets rallied on Tuesday and oil prices surged in a wave of relief after US President Donald Trump delayed tariffs on electronic goods from China, giving investors hope for some detente in a US-China trade war. The announcement caused a dramatic turnaround in equity markets, which had retreated earlier under the combined impact of tensions in Hong Kong, economic crisis in Argentina, fears of a global slowdown -- and uncertainty over US-China trade talks. But some of that uncertainty appeared to have lifted when the US said it was delaying until December 15 the imposition of new 10 percent tariffs on Chinese electronics. Meanwhile, US Trade Representative Robert Lighthizer spoke with Chinese Vice Premier Liu He early Tuesday and has another call planned in two weeks, a USTR official told AFP. - 'Ceasefire' -