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Trade detente helps Wall Street build on last week's gains


By Shreyashi Sanyal(Reuters) - Trade-sensitive industrial and technology stocks pushed Wall Street higher on Monday after the United States and China agreed on a temporary trade truce, hopes of which had driven the market last week to post its biggest gain in nearly seven years. Washington and Beijing agreed to a 90-day trade ceasefire at the G20 summit in Argentina on Saturday and U.S. President Donald Trump said China had agreed to cut import tariffs on American-made cars.However, the White House also said that the existing 10 percent tariffs on $200 billion worth of Chinese goods ...

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First Published: Mon, December 03 2018. 23:00 IST