US stocks rally as Trump strikes softer tone on Europe, backs off tariff threat
CNN
President Donald Trump’s clash with European leaders over Greenland prompted investors to sell US assets earlier this week — but the market pain eased Wednesday as the president struck a softer tone, saying he will not levy his recently threatened tariffs on imports from some European countries.
President Donald Trump threatened Saturday to impose new 10% tariffs on imports from several European countries. It could unravel months of progress made during trade negotiations settled after Trump’s trade war last year.
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