China stocks up but wary of Trump39;s tariff intentions
Yuan extends gains as U.S. dollar retreats broadly
China stocks, yuan fluctuate as no turnaround seen in USChina ties

SHANGHAIHONG KONG, Jan 21 Reuters Chinese stocks and the yuan tentatively rose on Tuesday, with investors relieved that U.S. President Donald Trump did not announce hefty trade tariffs at his inauguration but unwilling to bet this meant improved U.S.Sino relations.

Trump returned to the White House on Monday with an ambitious agenda spanning trade reform, immigration, tax cuts and deregulation. He did not target China in his inauguration speech nor did he immediately impose tariffs as previously promised, sparking a relief rally in global stocks and a drop in the dollar.

At the same time, Trump directed federal agencies to investigate and remedy persistent U.S. trade deficits and unfair trade practices by other countries, and said he might impose 25 tariffs on imports from Canada and Mexico on Feb. 1.

Trump also signed an executive order delaying the enforcement of a ban on popular shortvideo app TikTok, but said he might impose tariffs on China if Beijing does not approve a potential U.S. deal with TikTok.

China39;s bluechip CSI300 Index climbed about 0.8 at the open, but was soon trading flat. The yuan was about 0.3 higher against a broadly weaker dollar.

Trump39;s start to his presidency is better than I expected, said Charles Wang, chairman of Shenzhen Dragon Pacific Capital Management…