Asian shares advance on relief that Trump is delaying higher China tariffs 30 mins ago Asian shares are mostly higher after President Donald Trump delayed raising tariffs on China for another 90 days. Tokyo's Nikkei 225 briefly topped a record intraday trading high, gaining 2.6%. Trump signed an executive order putting on hold a possible showdown between the world’s two major economies, to allow time for talks. Without an extension, taxes on Chinese imports might have jumped from an already high 30%. Beijing could have responded by raising retaliatory levies on U.S. exports to China but it issued a similar statement about the extension of the tariff pause. U.S. stocks edged back from record highs. The S&P 500 lost 0.3%, the Dow industrials fell 0.5% and the Nasdaq composite was down 0.3%.

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