India, April 10 -- European stocks may open on a buoyant note Thursday after U.S. President Donald Trump announced a 90-day pause on tariffs for all countries, except China.
Countries previously subjected to higher reciprocal levies will now be taxed at the 10 percent baseline rate during this period.
The decision came hours after China announced an 84 percent tariff on the U.S. and the European Union approved its first retaliation measures in response to Trump's tariffs.
White House advisors reportedly claimed the flip flop was always the strategy, suggesting that the past week of massive tariffs that triggered huge market losses was all for show.
However, media reports suggest that a fast sell-off in U.S. Treasury bonds played an impo...