Global Markets Rebound After Trump Trade Talk Agreement; EU Considers Counter-Tariffs

Global financial markets showed signs of recovery following recent turmoil sparked by U.S. tariffs. Japan's Nikkei index surged 6% after Trump and Japan Prime Minister Shigeru Ishiba agreed to trade talks. Chinese blue-chips also saw a modest increase. The European Commission proposed counter-tariffs of 25% on select U.S. goods, while expressing readiness for negotiations. U.S. Treasury Secretary Scott Bessent reportedly urged Trump to pursue trade deals to reassure markets. Wall Street leaders, including JPMorgan Chase CEO Jamie Dimon, voiced concerns over the potential negative impacts of the tariffs. Billionaire Elon Musk advocated for zero tariffs between the U.S. and Europe.