Trump Relents On EU Car Tariffs, But Qualcomm Lost Deal

According to Reuters: In what the EU chief called a “major concession,” U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade war. The breakthrough came as the bitter trade dispute between the United States and China appeared to claim a major casualty, with China not approving U.S.