FX.co ★ Stocks in Europe Rise after Trump Delays 50% Tariff

European stock markets commenced the week on a positive note after President Trump announced a postponement of the planned 50% tariffs on the European Union, with the new deadline set for July 9. This decision followed a phone conversation with European Commission President Ursula von der Leyen, who expressed Europe's readiness to expedite talks but emphasized that achieving "a good deal" would necessitate time until July 9. As per the reciprocal tariff framework established in April, the EU was originally facing a 20% tariff, which has now been temporarily reduced to 10% until the new deadline. Prominent gainers in this session included stocks from the automobile, banking, semiconductor, and luxury goods sectors.