The financial markets continued to rally big time last week as global tensions eased with the United States and China making meaningful conciliatory gestures. Specifically, Trump postponed the imposition of 5% extra tariffs on Chinese goods by two weeks to mid-October so that China could celebrate its October 1 National Day without a fresh escalation in tensions. China responded by making substantial agricultural purchases and delaying added tariffs on many U.S imports until mid-December. China also announced a huge list of U.S. imports that would be exempted from tariffs.
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