Stoxx 600, FTSE 100, DAX, CAC 40, tariffs

The White House is likely to find a way around a U.S. court ruling that struck down steep reciprocal tariffs imposed by President Donald Trump in April, according to Goldman Sachs. Read more about the Court of International Trade’s (CIT) ruling here. The Wall Street bank said the Trump administration is likely to appeal the decision, but would also seek to use executive power under Section 301 of the Trade Act of 1974 to reimpose tariffs. This was the basis of Trump’s tariffs on China during his first term. “As the administration can impose an across-the-board tariff and country-specific tariffs…