By Sukriti Gupta, Medha Singh and Lisa Pauline Mattackal (Reuters) -European shares jumped on Thursday, with most indexes recording their biggest one-day gains since 2022, after U.S. President Donald Trump's pause on reciprocal tariffs for most trading partners prompted a huge relief rally following a brutal selloff.

The UK should “notch up” its threats of retaliation towards Donald Trump after he imposed 10 per cent tariffs on UK exports, a former ambassador to the US has said. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.