Trump hails ‘positive’ step in U.S.-EU trade negotiations as markets hope for a deal

Trump hails ‘positive’ step in U.S.-EU trade negotiations as markets hope for a deal


U.S. President Donald Trump gives a speech, during the commencement ceremony at West Point Military Academy in West Point, New York, U.S., May 24, 2025.

Nathan Howard | Reuters

U.S. President Donald Trump said Tuesday he was monitoring “positive” steps in trade talks with the European Union, after he agreed to delay a 50% tariff on goods from the bloc until July 9.

“I have just been informed that the E.U. has called to quickly establish meeting dates,” Trump wrote in a post on the Truth Social platform.

“This is a positive event, and I hope that they will, FINALLY, like my same demand to China, open up the European Nations for Trade with the United States of America.”

Trump said the EU had been “slow walking” in negotiations with the White House over a trade deal.

The prospect of hefty tariffs on one of the U.S.’s biggest trade partners rattled markets last week, though sentiment turned positive on Tuesday amid hopes of a breakthrough.

EU Commission President Ursula von der Leyen said in a post on X over the weekend that the EU was “ready to advance talks swiftly and decisively.”

European Trade Commissioner Maros Sefcovic said in a post on X on Monday that he had “good calls” with U.S. Commerce Secretary Howard Lutnick and that they would “continue to stay in constant contact.”

This breaking news story will be updated shortly.



Source

This chemical stock has the potential for a big turnaround higher, says Katie Stockton
World

This chemical stock has the potential for a big turnaround higher, says Katie Stockton

The materials sector is showing signs of life with an impressive 8.64% gain for the S & P 500 Materials Index in January. This strength reflects improved long-term momentum for the sector, both on an absolute basis and relative to the S & P 500 Index (SPX) . This prompted us to review the sector […]

Read More
OpenAI launches standalone Codex app for Apple computers
World

OpenAI launches standalone Codex app for Apple computers

Zoom In IconArrows pointing outwards OpenAI’s new Codex app. Courtesy of OpenAI OpenAI on Monday launched a standalone app for its artificial intelligence-powered coding assistant, Codex, which is temporarily available to all ChatGPT users with Apple computers. The new app has a simple interface and is designed to serve as a “command center” that makes […]

Read More
China gloom: The ‘Are you dead?’ app is dead and a ‘crying horse’ plushie is selling out
World

China gloom: The ‘Are you dead?’ app is dead and a ‘crying horse’ plushie is selling out

While Americans worry about inflation and affordability, the Chinese are fretting about deflation and a down economy. To get a sense of Chinese consumer confidence today, visit Beijing toy seller Gao Lan, where a frowning horse plushie is selling out for the Year of the Horse. According to state media, a factory worker mistakenly sewed […]

Read More