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European shares rise after China's Xi backs away from trade war

European shares rise after China's Xi backs away from trade war

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European shares rise after China’s Xi backs away from trade war

European shares rose on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, fuelling optimism that a trade war between his country and the U.S. could be averted.

Gains were widespread, with the STOXX 600...

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Uploaded on July 17, 2018