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Transcripts For KQED Nightly Business Report 20240714

Summit in japan, the u. S. And china agreed to hold off on levying more tariffs in an effort to get trade talks going again. Prheident trump also said u. S. Would relax restrictions on American Companies sellingts prod to Chinese Telecom giant huawei. As a result, stock got an initial lift. While the gains were more tha halved, it was still a record day. The dow rose 170 points. The nasdaq helped by the chip stocks rose about 85 and the s p 500 climbed 22 to are rd, its sixth so far this year. We have two reports on trade starting with Kayla Tausche in washington. Reporter after a sixweek standoff, President Trump and president xi brokered afi ceas in 80 minutes. Trump agreed to relax a ban on huawei in exchange for inas buying more farm goods and there will be no new taceffs. The t has no deadline, which means present trump cannd it whenever talks fall through or keep it going, telling reporters hes in no rush. So were making a deal with china, or were attempting. If we dont, we have

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