China to extend tariff exemptions on some US goods until June 2022

China's finance ministry has announced on Friday that they will be extending tariff exemptions on some imported goods from the United States until June 30, 2022.

Market reaction

There was no market reaction to this headline as trading conditions remain thin on Christmas Eve. US stock markets will return to action next Monday, December 27. The S&P 500 Index registered impressive gains this week and closed within a touching distance of the record-high it set at 4,743. On a weekly basis, the index gained more than 2%.