US EditionDow, Nasdaq Jump After Trump Delays European Union Tariffs
- U.S. Stocks surged on Tuesday as President Trump postponed planned 50% tariffs on European Union imports until July 9.
- Trump delayed the tariff hike originally set for June 1 following a call with European Commission President Ursula von der Leyen, allowing more time for trade negotiations.
- The postponement sparked renewed optimism in markets, with all major indexes gaining significantly and investors welcoming progress in transatlantic talks.
- The S&P 500 rose 1.77%, the Dow gained 1.5%, and the NASDAQ led with a 2.2% increase as Nvidia and other tech stocks rallied ahead of earnings reports.
- The tariff delay eased trade tensions temporarily but investors remain cautious amid ongoing policy debates and potential market volatility later this year.
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‘Death by a thousand cuts approach’: Nicolle Wallace on the impact of Donald Trump’s tariff whiplash
David Frum, Staff Writer for The Atlantic and Justin Wolfers, Professor of Economics at the University of Michigan join Nicolle Wallace on Deadline White House to discuss Donald Trump once again pulling the rug on his planned tariff implementation this time delaying increased tariffs to the European Union to July 9, and how the continued back and forth of his economic policy has only deepened uncertainty for the markets and businesses, slowing c…
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Total News Sources47
Leaning Left2Leaning Right6Center13Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
C 62%
R 29%
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