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Fortune

Irina Ivanova

Stocks surge upward after Trump delays tariffs

Donald Trump European Union United States Salesforce

(Credit: Getty Images)

Stock markets surged on Tuesday after a thaw in U.S. relations with the European Union over the weekend, with President Donald Trump delaying tariffs for another month.

Stock markets surged on Tuesday, cheered by news that President Donald Trump was delaying imposing recently escalated tariffs on the European Union until July 9. They were originally set to take effect starting June 1.

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