The Dow surges more than 500 points after the US postpones China tariffs

All three major US stock indexes rose on Monday after the Trump Administration said it would exempt some Chinese imports from tariffs scheduled to take effect in September. 
The US Trade Representative also said duties on other products, including cell phones, laptops, and some clothing items, would be postponed until December 15. 
Shares of Apple jumped as much as 6% on the news. The company's iPhone was poised to get hit by the 10% tariff.
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