European Markets Rally as Trump Delays EU Tariffs

Reported 2 days ago

European shares rose and U.S. futures surged after President Trump announced a delay on a proposed 50% tariff on EU goods until July 9, following discussions with EU Commission President Ursula von der Leyen. While oil prices increased and major European indices like Germany's DAX and France's CAC 40 saw gains, Asian markets were mixed, with declines in some indexes. This development comes amidst ongoing trade tensions and Trump's recent remarks about tariffs affecting major companies like Apple.

Source: YAHOO

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