European equity markets are on the rise in mid-morning trading after the US and European Union agreed on Wednesday to bring an end to the trade war and work together towards "zero" tariffs, barriers and subsidies.
In what is seen as a breakthrough after weeks of stalemate, US President Donald Trump and European Commission President Jean-Claude Juncker proclaimed a "new phase" in transatlantic relations. The two sides have agreed to eliminate tariffs on industrial goods with Trump claiming the EU will begin buying "a lot of" US soya beans, although there was no mention of an agreement on car tariffs. "We agreed today, first of all, to work together towards zero tariffs, zero non-tariff barriers and zero subsidies for the non-auto industrial goods," Trump said in a statement. On the news, Germ...
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