European markets breathed a sigh of relief after the on-again, off-again global trade war inspired by President Donald Trump was put on pause. The US and China will temporarily lower tariffs on each other’s products,

U.S. President Donald Trump said Monday that the European Union is worse than China, hours after Washington and Beijing agreed to slash respective punitive tariffs and deescalate their trade war.

ROME - European stocks surged Monday as investors breathed a sigh of relief after China and the United States announced a series of tariff modification measures aimed at easing trade tensions between the world's two largest economies.