The European Union has agreed to fast-track trade talks with the US in a bid to avoid President Trump's 50% tariffs — which, in an about-face, he announced would be delayed until July 9. "This is a positive event,

Wall Street’s fear gauge settled down after the delay in EU tariffs eased some jitters among traders. The CBOE Volatility Index, or VIX, was down to 19.30 on Tuesday after spiking north of 25 during Friday’s session.

London stocks climbed on Tuesday in broad-based gains, in their first reaction to U.S. President Donald Trump's decision to postpone steep tariffs on the European Union.

The European Union has agreed to fast-track trade talks with the US in a bid to avoid President Trump's 50% tariffs — which, in an about-face, he announced would be delayed until July 9. On Tuesday, a Bloomberg report said that the EU's trade chief,

President Donald Trump spoke with Russian President Vladimir Putin about ending the war in Ukraine, hosted the president of South Africa at the White House and threatened more stringent tariffs against the European Union this week.

European Union countries backed plans on Tuesday to scale back the bloc's carbon border levy to cover just 10% of the companies currently covered by the scheme, on the grounds that these firms account for nearly all of the emissions involved.