U.S. President Donald Trump said Monday that the European Union is worse than China, hours after Washington and Beijing agreed to slash respective punitive tariffs and deescalate their trade war.

Most European companies in China have so far been able to limit the direct damage from the trade war, a survey has found, though a majority conceded their business environment has grown more challenging this year.

Most European companies in China have so far been able to limit the direct damage from the trade war, a survey has found, though a majority conceded their business environment has grown more challenging this year.