Markets Rise Amid Investors’ Hope of Tariff Easing

News Snapshot:

The stock market is heading for a weekly gain, as investors latch on to any signs of easing trade tensions. The head of an American business group in China on Friday said that the Chinese government is considering exempting some products from its 125 percent retaliatory tariffs on U.S. goods. Michael Hart, president of the American Chamber of Commerce in China, said that the commerce ministry had canvassed businesses in China to identify U.S. imports that were crucial to supply chains and vulnerable to China’s new trade barriers. For some companies, he said, “their business model would not work in...