President Donald Trump said he was encouraged the European Union is speeding up negotiations on trade, days after he said the bloc would face 50% tariffs if they fail to reach a deal with the US.“I have just been informed that the E.

Stocks rose Tuesday after President Donald Trump did a 180-degree turn on his threat to place a massive 50% tariff on goods imported from the European Union. The Dow closed higher by 741 points, or 1.

Trump has threatened a 50% tariff on all EU imports, pressuring the bloc into trade talks. The July 9 delay leaves room for negotiation, but uncertainty looms.