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Euronews
Euronews
Tina Teng

European stock markets jump as Trump flip-flops on tariff plans

Donald Trump Euro United States China White House

European markets opened higher on Thursday morning after US President Donald Trump announced that he would pause certain 'reciprocal' tariffs for 90 days, while simultaneously raising import levies on Chinese goods to 125% from 104%.

As of around 9:30am CEST, the Euro Stoxx 50 surged 7.5%, Germany’s DAX jumped 7.4%, and the FTSE 100 advanced 5.1%.

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