NEW YORK: Oil prices rose and stocks rallied worldwide on Thursday after China said it had agreed with the United States to cancel tariffs in phases, a key consideration in reaching a deal to end a trade war that has crimped economic growth and roiled markets.
But U.S. stocks pared some gains after Reuters reported rolling back existing tariffs as part of a trade deal faces fierce opposition at the White House and from outside advisers, multiple sources familiar with the talks said.
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