Stock Market Update
04-Aug-25 11:00 ET
EU suspends countermeasures to tariffs
Dow +459.40
at 44047.98,
Nasdaq +309.41
at 20958.16,
S&P +72.45
at 6310.46
[BRIEFING.COM] The major averages are trading in a relatively tight range near their session highs.
The EU will suspend its retaliatory measures to U.S. tariffs for six months, following an agreement with President Trump, according to Reuters.
Before the deal, two packages of countermeasures were set to take effect this Wednesday to address the U.S. tariffs on the EU that set a 15% baseline rate for most goods.
Bloomberg reported earlier that the EU is expecting President Trump to formally announce carve-outs for auto imports and certain other products.
