India, July 8 -- European markets closed on a positive note on Tuesday, as investors shrugged off concerns about tariffs and picked up stocks, amid hopes major European countries will strike trade deals with the U.S. before the newly announced August 1 deadline.
The Trump administration has proposed a10% tariff on all EU goods, while offering limited exceptions for certain sectors including aircraft and spirits.
Trump imposed new tariff rates on partners including Japan and South Korea but left the door open for additional negotiations, saying that the earlier notifications were "not 100 percent firm."
Following the deadline for increased duties being pushed off until at least Aug. 1, there are hopes the major economies would eventually ...