Tue May 27 14:10:00 UTC 2025: **News Article:**
**Stocks Rise as Trump Delays EU Tariffs; Nvidia Earnings and Tesla Troubles Loom**
**[City, Date]** – U.S. stock futures climbed Tuesday following President Donald Trump’s announcement that he would postpone a planned 50% tariff hike on European Union goods until July 9. The move provided a respite for markets that had suffered losses last week after Trump initially threatened the increased duties, which sent the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all down by more than 2%.
Investors are now turning their attention to ongoing U.S. trade negotiations and a week of key earnings reports. All eyes will be on Nvidia’s earnings release after the market closes Wednesday. The chipmaker, now the second most valuable U.S. company, is expected to offer insights into the state of the technology sector and the burgeoning AI industry. Furthermore, reports are due from major retailers and consumer watchdogs, who look to assess the impact of tarriffs and potential price increases on items like apparel and electronics.
However, not all news is positive. Tesla is facing challenges in the European market, with sales plummeting 49% in April compared to last year, and 40% year-to-date. The decline is attributed to a combination of factors, including CEO Elon Musk’s association with the Trump administration (likely a contributor to consumer unease in some European Markets), intensifying competition from rivals, particularly Chinese automakers like BYD. Tesla shares have fallen roughly 16% this year.
In other company news, Southwest Airlines will officially end its long-held policy of two free checked bags on Wednesday. Travelers will now face a $35 fee per bag. The move, while intended to boost revenue, marks a significant change for the airline that has long prided itself on its customer-friendly baggage policy.
First Piper 