US Markets Dow jumps 400 points led by Apple as US delays China tariffs on cell phones, clothing Published Tue, Aug 13 2019 2:55 AM EDTUpdated Moments Ago Stocks surged higher in a sudden move after the U.S. said it was delaying China tariffs until Dec.15 on items including cellphones and clothing. The U .S. also removed some items from list of new tariffs outright. The adjusted policy caused the Dow Jones Industrial Average to jump 424 points, while the S&P 500 rose 1.6% and the Nasdaq Composite was 2.1% higher , led by Apple which surged more than 5%. The United States Trade Representative announced Tuesday certain products are being removed from the tariff list based on “health, safety, national security and other factors” and will not face additional tariffs of 10%. The tariff should be delayed to Dec. 15 from Sep. 1 for certain articles, it said. “Products in this group include, for example, cell phones, laptop computers , video game consoles, certain toys, computer monitors, and certain items of footwear and clothing,” the statement from the USTR said. Retailers cheered the potential delayed rise in costs for apparel and electronics. Best Buy soared 10%, while Nike jumped 2%. Macy’s and Nordstrom also surged more than 4%.