U.S. To Delay Tariffs on Chinese Goods
The Primary: The Office of the U.S. Trade Representative announced it will delay an impending 10% tariff on over $300 billion in Chinese goods.
Who? What? Why?: Pushing the deadline back from September to December will, according to Axios, help manage the rush of goods coming from China during the holiday season. The next round of talks between the U.S. and China are expected to begin in two weeks.
The Baseline: As a result of the delay, U.S. stocks, commodities and bond yields climbed.