{"id":561,"date":"2025-07-28T07:55:07","date_gmt":"2025-07-28T07:55:07","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=561"},"modified":"2025-07-28T07:55:07","modified_gmt":"2025-07-28T07:55:07","slug":"european-stocks-rise-to-4-month-high-after-us-and-eu-strike-tariff-deal","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=561","title":{"rendered":"European stocks rise to 4-month high after US and EU strike tariff deal"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=c9abc212-c9d8-430c-b0a2-bb48c0ef4f0a\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>European stocks rose to a four-month high on Monday after the US and EU reached a tariff deal that looks set to avert a full-blown trade war.<\/p>\n<p>The broad Stoxx Europe 600 index was up 1 per cent in early trading, while Germany\u2019s Dax gained 0.9 per cent and France\u2019s Cac 40 climbed 1.2 per cent. <\/p>\n<p>US stocks were also set to open higher, with contracts tied to the S&amp;P 500 up 0.5 per cent. <\/p>\n<p>Under the deal struck on Sunday, the bulk of EU exports to the US, including cars and pharmaceuticals, will face a 15 per cent tariff. The EU has also agreed to spend hundreds of billions of dollars on US energy products and weapons.<\/p>\n<p>Although the agreement raises tariffs on a broad range of EU exports, investors said it also helped reduce the uncertainty over trade that has stalked markets since US President Donald Trump\u2019s \u201cliberation day\u201d announcement in early April.<\/p>\n<p>Trump had threatened to impose 30 per cent tariffs on the EU if no deal had been struck by August 1.<\/p>\n<p>The deal brought \u201can end to the uncertainty of recent months,\u201d noted Carsten Brzeski, global head of macro at ING. \u201cAn escalation of the US-EU trade tensions would have been a severe risk for the global economy.\u201d <\/p>\n<p>Trump and European Commission president Ursula von der Leyen agreed the deal on Sunday at the US president\u2019s Turnberry golf resort in Scotland.<\/p>\n<p>Dozens of the US\u2019s trading partners face an August 1 deadline to reach a deal, after which Trump said he would impose higher tariffs. Last week, Trump sealed an agreement with Japan that imposed 15 per cent tariffs on Japanese exports to the US.<\/p>\n<p>Geoffrey Yu, a senior strategist at BNY, said that the deal reflected \u201cpragmatism\u201d from European governments.<\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title o3-type-body-highlight\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image js-teaser\" data-id=\"2c473393-35fb-479d-8bba-236a1a98087c\">\n<div class=\"o-teaser__image-container js-teaser-image-container\">\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2048\/1152\"><img decoding=\"async\" class=\"o-teaser__image\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fwww.ft.com%2F__origami%2Fservice%2Fimage%2Fv2%2Fimages%2Fraw%2Fhttps%253A%252F%252Fd1e00ek4ebabms.cloudfront.net%252Fproduction%252F68f0975c-235d-4f69-be88-23a2a83e38bb.jpg%3Fsource%3Dnext-article%26fit%3Dscale-down%26quality%3Dhighest%26width%3D700%26dpr%3D1?source=next&amp;fit=scale-down&amp;dpr=2&amp;width=240\" alt=\"Montage of Donald Trump and a chart\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>\u201cThe path of least resistance is trying to limit exogenous shocks to Europe,\u201d Yu said.\u00a0<\/p>\n<p>However, Trump said US levies on steel and aluminium, which he has set at 50 per cent on many countries across the world, would not be cut to 15 per cent for EU products. <\/p>\n<p>The deal \u201callays some of the worst fears of an escalating tariff war,\u201d said Mitul Kotecha, head of foreign exchange and emerging markets strategy at Barclays. <\/p>\n<p>But for the EU, he added, the agreement might \u201cseem like a bit of a capitulation as well\u201d.<\/p>\n<\/div>\n<p>#European #stocks #rise #4month #high #strike #tariff #deal<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European stocks rose to a four-month high on Monday after the US and EU reached a tariff deal that looks set to avert a full-blown trade war. The broad Stoxx Europe 600 index was up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[615,108,279,473,614,280,616,121],"class_list":{"0":"post-561","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-4month","9":"tag-deal","10":"tag-european","11":"tag-high","12":"tag-rise","13":"tag-stocks","14":"tag-strike","15":"tag-tariff"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=561"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/562"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}