The Dow Jones Industrial Average, S&P 500 index, and Nasdaq Composite all rose sharply during US trading on Thursday.
with Chinese officials on Thursday, but did not provide any specific details. A White House official told Markets Insider that"both sides remain in communication at various levels."
China also struck a milder tone on Thursday after suggesting it could delay imposing tariffs on US products in an attempt to avoid escalating the trade war. "China has ample means for retaliation but thinks the question that should be discussed now is about removing the new tariffs to prevent escalation of the trade war," Gao Feng, the Chinese Ministry of Commerce's spokesperson, told reporters in Beijing.
Traders have been skittish over the last week as they awaited some sort of progress toward a trade resolution and as signs of slowing growth around the world continued to emerge.from the Commerce Department. The agency said the US economy grew by 2% last quarter, down slightly from its initial 2.1% figure.
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