Europe, AI drive global stock rally as Trump tariff fears ebb

Prices near record highs despite uncertain economic outlook

20250605N Traders

Traders work on the floor of the New York Stock Exchange. Markets have largely recovered from Trump's tariff shock of April. © Reuters

YOSHIKAZU IMAHORI

TOKYO -- Global stocks are approaching all-time highs, fueled by investors encouraged by signs that U.S. President Donald Trump's tariff campaign is hitting its limits.

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