4 days ago
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European markets rose in early trading on Monday.
The FTSE 100 is still in the green with the UK index trading 1.8 per cent higher. In Frankfurt, the German Dax is up 2.5 per cent and in Paris, the CAC-40 is 2.2 per cent higher.
The uptick comes as US President Donald Trump suggests tariff exemptions for smart phones and other tech products from China could be short-lived.
Writing on social media, the US President says: “Nobody is getting off the hook for unfair trade balances”.
The White House had announced the exclusions from steep reciprocal tariffs on Friday, creating some hope that the tech industry might escape the escalating conflict between the two nations.
Beijing earlier called on Trump to completely cancel the import taxes, currently at 145 percent.
The back-and-forth over tariffs last week caused major swings in global financial markets.
English (US) ·