India, Aug. 6 -- European stocks closed mostly higher on Wednesday, thanks largely to some strong corporate earnings updates, and expectations of an interest rate reduction by the Federal Reserve in September.
U.S. President Donald Trump's threat the his administration is considering imposition of tariffs on chips and pharmaceuticals rendered the mood a bit cautious and limited markets' upside.
The U.S. President has called a pledge of investment totaling $600 billion made in the EU-U.S. trade deal a gift and threatened the EU with 35% blanket tariffs if it fails on the pledge.
Trump also said that tariffs on semiconductor and chip imports would be announced as soon as next week to boost U.S. manufacturing and that planned tariffs on pha...