India, May 26 -- Swiss stocks turned in a fine performance on Monday, tracking gains in other markets across Europe, after U.S. President Donald Trump decided to delay the implementation of the 50% tariffs on European Union goods until July 9th. The tariff was earlier proposed to be levied from June 1st.
Trump's move to pause the levy came after a call from European Union Commission President Ursula von der Leyen.
"The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9," Von der Leyen wrote on X.
The Swiss benchmark SMI settled with a gain of 118.38 points or 0.97% at 12,317.07. The index touched a ...