European actions rise on Thursday after US President Donald Trump announced an immediate 90-day break in reciprocal tariffs for most business partners, which caused a major recovery after market liquidation. The suspension of tariffs over dozens of countries occurred less than 24 hours after their entry into force. Still, the White House maintained a 10% general rate on almost all US imports. The president of the European Commission, Ursula Von Der Leyen, celebrated Trump’s measure a day after the European Union said it would impose 25% rates on a series of US imports in the first round of counterfeit after the specific rates of each country. On Thursday, von der Leyen said in an X statement that the European Union will suspend its first contracted. “This 90 -day rate pause is time for everyone to negotiate, find solutions or, at the worst, reorganize their business and prepare to soften the shock. So this is fundamentally good news,” said Ipek Ozkardeskaya, Senior Market Analyst at Swissquote Bank.
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- Stoxx 600: +5.68%
- DAX (Germany): +5.75%
- FTSE 100 (UK): +4.68%
- CAC 40 (France): +5.72%
- FTSE MIB (Italy): +7.03%