EU chief Ursula von der Leyen vowed to move 'swiftly' to reach a US trade deal after Donald Trump delayed tough tariffs on the bloc

EU chief Ursula von der Leyen vowed to move 'swiftly' to reach a US trade deal after Donald Trump delayed tough tariffs on the bloc

European stock markets rallied Monday after US President Donald Trump delayed 50-percent tariffs on the European Union until July 9 to give more time for negotiations.

Trump sent the markets into a tailspin again on Friday when he threatened to hit EU goods with the huge tariff from June 1 as talks were "going nowhere".

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