Europe welcomes US-EU trade respite, says Trump must rebuild trust
Updated : July 27, 2018 12:04 AM IST
Reaction on financial markets ranged from enthusiasm on stock exchanges to scepticism among currency investors, while commodities experts said Trump's proclamation that Europe would buy "lots of" soybeans from US farmers hit by his separate trade dispute with China was not all that it seemed.
Trump agreed to refrain from imposing car tariffs while the European Union and the United States start talks on cutting other trade barriers.
Talks would seek to "resolve" US tariffs on steel and aluminium and Europe's retaliatory duties, a step back from Trump's import protections for US metal producers.
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