Author: Euronews
Published on: 29/04/2025 | 00:00:00
AI Summary:
White House officials confirm President Trump’s plan to reduce tariffs on auto parts. The administration will also prevent automakers from paying tariffs. A proclamation formalising the change is expected to be signed by the president. Treasury Secretary Stott Bessent said on Monday that “it’s up to China to de-escalate” the trade war. On Monday, China once again denied any ongoing tariff negotiations with the United States. The Trump administration appears to be softening its hard-line tariff stance. Spot gold also declined by 1% to $3,311 per ounce following a modest rebound on Monday. Portuguese electricity operator REN said the outage was caused by a “rare atmospheric phenomenon” related to extreme temperature changes in Spain. Spain's economy grew 3.2% in 2024, more than double the eurozone average of 0.9%. Beatriz said that her computer monitor screens went black and that she was “connected to the internet on my laptop but not on my phone for half an hour more or less”. After that, Beatriz told her team and I that we could go home after this as we wouldn’t be able to continue working and the recovery of the power grid was expected to take several hours. The travel sector will certainly have felt the pressure as the power cut halted trains and caused major disruption at airports. Spain’s IBEX 35, the main benchmark of the Spanish stock market, was up 0.75% at 13,456.10, while the EUROSTOXX 600, a broad measure of the European equity market, gained 0.53% to 523.19. In France, the CAC 40 was up 0.0% at 7,573.76 points, Germany’s Dax was also higher, up 0.3% at 22,271.67 points. Italy’s FTSE MIB was also trading in the green, rising 0.1% at market
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