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Arun Kumar Ray, deputy chairman of the Tea Board of India, the federal regulator, said the next target is 20 million kg by 2022 as there is immense growth potential in the China market.

Apple, heavily dependent on China for assembly of its iPhone and laptops, closed at 8.97 a share, up .49, or 4.2 percent. The latest round of tariffs would have hurt Apple's launch of this year's new iPhone line, which usually happens in late September.

Ardern said the upgraded FTA will provide more opportunities for win-win cooperation from both sides.

Apple Inc shares declined on Monday after US President Donald Trump told the iPhone maker it should move production to America from China to avoid his upcoming tariffs.

As Bezos’ Amazon fortune has grown, there have been growing questions about his approach to philanthropy. In 2017, he solicited suggestions for philanthropic strategies — and followed up in 2018 with the unveiling of a billion Day One Fund to promote innovations in preschool education and affordable housing.