- Stocks are up again today despite the trade deal between the U.S. and the E.U. which will place a 15% tax on imports into America. Why are traders so happy about this? Because an examination of what few details are available about the deal suggests that most of it simply formalizes spending and investment that was going to happen anyway. And there’s a case heading to the U.S. Supreme Court which may declare all Trump’s deals are illegal in the long run.
European stocks are up 0.93% today, and the STOXX Europe 600 index is again approaching an all-time high. (By contrast, S&P 500 futures are only up 0.28% this morning.) Given that the U.S. just slapped Europe with a 15% tax on all its exports to America, why are investors in Europe so bullish?
