European indices jump at the open as Trump delays EU tariffs
- Eurostoxx +1.5%
- Germany DAX +1.8%
- France CAC 40 +1.4%
- Spain IBEX +1.1%
- Italy FTSE MIB +1.5%
The hope now is that Trump is really just threatening with the 50% tariffs in order to get a deal at the end of it all. It's sort of his go to negotiating tactic it would seem when it comes to tariffs. But 9 July is not that far away, so we'll see how they can move the needle in the coming weeks when we've already seen almost no progress since April.