Stocks rose Tuesday after President Donald Trump did a 180-degree turn on his threat to place a massive 50% tariff on goods imported from the European Union. The Dow closed higher by 741 points, or 1.

Stocks jumped on Tuesday, after Mr. Trump announced over the Memorial Day weekend that he would pause the implementation of steep tariffs on the European Union until July 9 to allow more time for trade negotiations with the 27-country bloc.

The European Union said Monday that it will "fast-track" trade negotiations with the US as a new deadline looms.

Nathanielsen said a current memorandum of understanding on mineral development with the US — signed during Donald Trump’s first presidency — was coming to an end and that Greenland tried unsuccessfully during Joe Biden’s administration to see if Washington wanted to renew it.

Seventeen European Union countries are demanding that Hungary revise a new law that allows the government to ban public events by LGBTQ+ communities.

A large majority of European Union countries are demanding that Hungary revise a new law that allows the government to ban public events by LGBTQ+ communities

European markets and U.S. futures jumped early Tuesday following a weekend trade truce between the E.U. and U.S. after Trump’s threat late last week to tack on 50% imports from the trading bloc.

The investigation also found that Shein shows “false or deceptive” sustainability claims, as well as “incomplete and incorrect” information about a customer’s rights to return goods and get refunds. The EU says Shein hides its contact information, making it difficult for customers to get in touch with the company.