European shares nudged higher on Tuesday, driven by automobile stocks, as sentiment improved after U.S. President Donald Trump signalled a readiness to negotiate tariffs with the European Union.

European stocks ticked up on Tuesday after US President Donald Trump indicated he is open to more trade negotiations with the European Union and Nvidia Corp. said it planned to resume sales of its H20 AI chip to China after securing Washington’s backing.

The Lone Star State sells about $100 billion of goods and services to Europe each year, more than any other state.

The EU – the United States' biggest trading partner – had been scheduled to impose "countermeasures" starting Monday at midnight in Brussels

The European Union sent a group of trade officials to Washington on Tuesday, hoping to revive an outline trade agreement with the U.S. after President Trump's letter threatening 30% tariffs. EU trade

India and the European Union are set to continue negotiations on a comprehensive free trade agreement in September. Previous talks have focused on areas such as services, market access, and intellectual property rights,

Trade chaos is forcing America’s allies closer together, and further from the United States. And as that happens, the European Union is trying to position itself at the center of a new global trade map.

US stocks are little changed as investors shrug off more tariff threats from Trump. Investors await inflation data and earnings for direction.