Trump says hopes he doesn't have to consider tariffs on German cars and "anything is possible" about possible China tariffs delay

After meeting with German Chancellor Angela Merkel, President Trump announced:

• G7 summit has been productive
• Says discussed a trade deal with the EU
• Says EU is as tough as China on trade
• The US has lost a lot of money over the years from the EU

Asked about a possible delay in tariffs for China, Trump said "anything is possible" and added that the United States is now in a much better position than at any time in negotiations with China.

"Great respect for the fact that President Xi & his Representatives want "calm resolution." So impressed that they are willing to come out & state the facts so accurately. This is why he is a great leader & representing a great country. Talks are continuing!"

The press headlines and commentary above are very well reflected in trading in Europe and the stock is seeing significant growth. This will continue to have a positive impact, especially on the shares of auto companies. DAX and CAC are in green territory and continue to rise. The official conversation between Germany and USA could lead to new purchases among Frankfurt traders and could lead to a break in the neck line of the Head & Shoulders formation of the German index.

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