U.S. futures and European markets rise on temporary U.S.-EU trade truce

Trader Edward McCarthy works on the floor of the New York Stock Exchange, Tuesday, May 20, 2025. (AP Photo/Richard Drew) Wall Street is climbing Tuesday as the roller-coaster ride created by U.S. President Donald Trump's trade policies whips back upward, this time because of a temporary pause for tariffs on the European Union. The S&P 500 was 1% higher in its first trading since Trump said Sunday that the United States will delay a 50% tariff on goods coming from the European Union until July 9 from June 1. The European Union's chief trade negotiator later said on Monday that…