Stocks climb after China slashes tariffs on US goods

New York (AFP) – Stock markets got a boost Thursday from a Chinese move to slash levies on US imports which helped offset concerns about the economic impact of the coronavirus outbreak.Investors cheered China’s announcement that it would halve tariffs on $75 billion worth of US imports after the two sides last month signed their mini trade deal that dialed down a long-running and painful trade war.This helped equities on both sides of the Atlantic, with Wall Street indices closing at fresh records, building on Wednesday’s records following surprisingly good US private-sector hiring data.CMC Ma…

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