(AP-ANSA) - FRANKFURT, Germany - A leading economic institute
says its index of German business optimism rose in August thanks
to an easing of trade tensions between the European Union and
U.S. President Donald Trump. The index compiled by the
Munich-based Ifo institute rose to 103.8 points from 101.7 in
July. The result was better than the 101.8 expected by market
analysts. Ifo President Clemens Fuest said Monday that "aside
from a strong domestic economy the cease-fire in the trade
conflict with the U.S. contributed to the better mood." Trump
had threatened to impose new tariffs, raising fears of a cycle
of retaliation that could hurt trade and growth. But Trump
agreed to hold off after talks with European Commission head
Jean-Claude Juncker. Germany, Europe's largest economy, gets
much of its growth from exports. (AP-ANSA).
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