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Wall Street rolls higher as Trump softens tariff stance


By Sruthi Shankar(Reuters) - U.S. stocks rose on Thursday as fears of a global trade war eased after President Donald Trump promised great flexibility toward the United States' "real friends" as he prepared to impose hefty import tariffs.Worries over the likelihood of a global trade war triggered by Trump's tariff plans have dominated markets since last Thursday, with chief economic adviser Gary Cohn's exit heightening such concerns.But a White House spokeswoman's announcement that Trump's tariffs plan may include "potential carve-outs for Mexico and Canada based on national security, and ...

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First Published: Thu, March 08 2018. 20:40 IST