Futures on Wall Street soar after China and US agree to pause most of their sharp tariff increases

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Futures on Wall Street soar after China and US agree to pause most of their sharp tariff increases

HONG KONG — U.S. futures surged Monday after the U.S. and China announced they were suspending for 90 days most of the sharp tariff hikes each has imposed since U.S. President Donald Trump began escalating his trade war.A joint statement on Monday said that for a 90-day period, the U.S. will cut tariffs on Chinese goods to 30% from as high as 145%. China said its tariffs on U.S. goods will fall to ..." ..