US Offers China Tariff Delays After Talks; Apple Rockets Dow Surges 500 Points

The U.S. Trade Representative said Tuesday that it will delay applying additional tariffs on China-made goods until December, just minutes after China said it held telephone talks with officials in Washington.

The USTR said it will delay tariffs on several items in the basket of $300 billion in consumer goods that are made in China and sold in the United States, which were set to rise to 10% on September 1, until at least December 15. Cell phones, video game consoles, certain toys and footwear will get the short term exemption, the USTR said, and will publish a list of the tariff lines affected on its website later today.

"Certain products are being