US and European stock market values have surged on reports Donald Trump is to delay, by up to six months, a decision to impose tariffs on car imports to the US.
The US president faces a deadline of Saturday to confirm whether he will follow the new track for his protectionist agenda, an 'America first' campaign that has resulted in anValues surged when CNBC, citing four sources, reported alongside others that a delay would be announced as the US stepped up trade talks with the European Union and Japan.
It was a moment of relief for investors who have fled risk, particularly in the technology and industrials sectors, this month following the apparent collapse of a looming trade deal with China. Markets also took heart when US Treasury Secretary Steven Mnuchin confirmed he planned to travel to Beijing soon to continue negotiations.US carmakers were among those to benefit on Thursday - with Ford and General Motors shares both gaining more than 1% as the S&P 500 built on tentative early gains.The tech-focused Nasdaq was more than 1% up.
Fake news
Awaits the copious amounts of Orange man bad from lefties in this thread
So short termism. I see reason why the people of America aren't allowed to see his Tax receipts. He should be so proud to show how much he's paid to look after his people......