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EU trade truce with Trump lifts German business morale

Updated : August 27, 2018 03:39 PM IST

The Ifo economic institute said on Monday its closely-watched business climate index jumped to 103.8, beating July's reading of 101.7 and a Reuters consensus forecast of 101.9.
US President Donald Trump agreed during a meeting with European Commission President Jean-Claude Juncker last month to refrain from imposing tariffs on European cars while the two sides negotiate to cut other tariffs.
EU trade truce with Trump lifts German business morale

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