India, April 15 -- European stocks closed higher on Tuesday, extending recent gains, as investors indulged in some strong buying after U.S. President Donald Trump signaled temporary exemption of tariffs on auto and auto parts imports.
Trump said he is considering to temporarily halt the auto tariffs he had imposed earlier on the sector, in order to give time to car manufacturers to adjust their supply chains.
"I'm looking at something to help some of the car companies with it," Trump said while briefing the media at the Oval Office about auto tariffs. The U.S. President said that carmakers required time to reallocate their production from Canada, Mexico and other places, adding "And they need a little bit of time because they're going to ...