European markets rally as Trump delays 50% EU tariffs
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European equities rallied Monday after Donald Trump dialled back on his threat to hit the European Union with 50 percent tariffs by delaying their implementation to July. Just as markets were showing signs of settling following their bond-fuelled selloff last week, the US president hurled his latest grenade across the pond on Friday by levelling 50 percent levies at the bloc from June 1, saying talks were "going nowhere". He also said he would hit smartphone makers with 25 percent tolls if they did not make their handsets in the United States. Wall Street's three main indexes and most European markets dumped into the red Friday. However, Trump provided some relief Sunday by saying the EU tariffs would not be put in place until July 9 following a "very nice call" with its boss Ursula von der Leyen, adding that officials will "rapidly get together and see if we can work something out". Live Events Von der L...