US EditionUS stocks end sharply higher on Trump's tariff reprieve
- President Donald Trump delayed a 50% tariff on European Union goods until July 9, sparking a sharp rally on Wall Street on May 27, 2025.
- The tariff delay was intended to provide time for discussions involving the U.S. Administration and the 27-member EU group amid ongoing uncertainty from previous intermittent tariff threats.
- Asian markets mostly rose with Japan's Nikkei gaining 0.5% to 37,918.86 and South Korea’s Kospi up 1.8%, boosted by a global technology rally led by Nvidia’s 3.2% surge.
- The S&P 500 jumped 2.1% to 5,921.54, the Dow rose 1.78%, and the Nasdaq gained 2.47%, driven by improved U.S. Consumer confidence and easing Treasury yields falling to 4.44%.
- The tariff delay and rising confidence suggest reduced market fears, though households and businesses remain cautious, and a U.S.-EU deal could sustain global trade and avert recession risks.
70 Articles
70 Articles
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Asian shares are mixed after S&P 500 rallies 2%, while Japan bond auction sees weak demand
Asian shares are mixed after President Donald Trump delayed a 50% tariff on goods coming from the European Union, sparking a rally on Wall Street. A closely watched auction of 40-year Japanese government bonds drew weak demand as worries mount…
Associated Press News
Asian shares are mostly higher after S&P 500 rallies 2%
Asian shares have opened mostly higher after President Donald Trump's decision to delay a 50% tariff on goods coming from the European Union sparked a rally on Wall Street.
TACO (Trump Always Chickens Out--on Tariffs): Financial Times on Why Markets Rose 2% Today
Well, this is delicious….! According to a Financial Times writer, the stock market rallied 2% today on TACO Trading—and TACO is the acronym for Trump Always Chickens Out…on enforcing tariffs. politicalwire.com/… Per Taegen Goddard at PoliticalWire.com,...
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