FX.co ★ European Markets Head Higher on US Tariff Relief

On Thursday, European equity markets were set for a robust opening, bolstered by the announcement that U.S. President Donald Trump would temporarily reduce new tariff rates to 10% for most U.S. trade partners over a 90-day period to facilitate negotiations. This development represents a notable shift from the earlier imposition of a 20% tariff on imports from the European Union. Nonetheless, there remains some uncertainty as to whether the EU will be included in this provisional tariff reduction, especially since the bloc has recently introduced its initial round of countermeasures in reaction to U.S. trade policies. During premarket trading, futures for the Euro Stoxx 50 and Stoxx 600 rose significantly by approximately 8% and 7%, respectively, indicating a strong recovery in investor confidence across the region.