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European markets surge on Trump call to delay 50% EU tariffs until July 9

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The S&P 500 lost 0.7% on Friday to end its worst week in the last seven. The Dow Jones Industrial Average dropped 0.6% and the Nasdaq composite sank 1%.
European markets experienced a significant surge on May 26, 2025, following the announcement that former U.S. President Donald Trump had agreed to delay the imposition of 50% tariffs on EU goods until July 9. This decision came after intense negotiations and was seen as a temporary relief for European businesses, particularly in the automotive and manufacturing sectors, which had been bracing for the economic impact of the proposed tariffs. The delay provides additional time for both parties to work towards a more permanent trade agreement, although uncertainties remain about the future of transatlantic trade relations. The news led to a broad rally in European stock markets, with indices like the DAX, CAC 40, and FTSE 100 all posting strong gains.

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[ https://fortune.com/europe/2025/05/26/european-markets-surge-trump-delay-50-eu-tariffs-until-july-9/ ]