Donald Trump during a meeting with Nato’s secretary general, Mark Rutte, on the sidelines of the World Economic Forum in Davos.Photograph: Evan Vucci/AP · Photograph: Evan Vucci/AP European and US markets rose on Thursday after Donald Trump cancelled plans to impose fresh tariffs on eight European countries, in what analysts said was a return of the “Trump Always Chickens Out” (Taco) trade. Germany’s Dax closed 1.28% higher, while France’s Cac 40 rose by just under 1%. The pan-European Stoxx 600 was up 1. ...