Mon May 26 05:51:33 UTC 2025: Here’s a summary and a news article based on the provided text:
**Summary:**
President Trump delayed a threatened 50% tariff on EU goods to July 9, 2025, causing US futures to jump. Asian markets reacted mixed, with some gains and some losses. US stocks previously fell due to Trump’s tariff threats and comments about Apple moving production to the US. Several companies like Deckers and Ross Stores are pulling financial forecasts citing economic uncertainty. Meanwhile, nuclear industry stocks rallied due to Trump’s executive orders. Oil prices rose slightly, and the dollar weakened against the yen.
**News Article:**
**Trump Tariff Delay Sparks Market Volatility: US Futures Up, Asia Mixed**
**Hong Kong – May 26, 2025** – US futures surged on Monday following President Donald Trump’s announcement that he would delay a planned 50% tariff on goods from the European Union until July 9, 2025. The move, originally slated for June 1, 2025, follows a conversation between Trump and European Commission President Ursula von der Leyen, who reportedly expressed a desire for “serious negotiations.”
The delay sparked a positive reaction in US futures markets, with the S&P 500 futures gaining 1% and Dow Jones Industrial Average futures rising 0.8%.
However, Asian markets responded with less enthusiasm. Tokyo’s Nikkei 225 climbed 0.7%, and the Kospi in Seoul gained 1.2%. Hong Kong’s Hang Seng dipped 1%, and the Shanghai Composite Index fell 0.3%.
The market fluctuations come after a volatile week on Wall Street, driven by Trump’s trade rhetoric. The S&P 500 experienced its worst week in seven, falling 0.7% on Friday alone. Tech giant Apple was particularly impacted after Trump suggested the company move iPhone production to the US or face a hefty tariff. He later clarified his post to say that all smartphones made abroad would be taxed.
Uncertainty surrounding the trade war continues to weigh on companies. Deckers Outdoor and Ross Stores have recently withdrawn their financial forecasts for the year, citing trade-related concerns. Conversely, Intuit saw its stock rise following a strong earnings report. Stocks in the nuclear industry also rallied following President Trump’s executive orders to expedite nuclear licensing.
In other trading, US benchmark crude oil gained slightly, while the US dollar weakened against the Japanese yen. The situation remains fluid as investors monitor developments in the ongoing trade negotiations and the impact of tariffs on the global economy.
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