President Donald Trump. File | Photo Credit: AP
The US Futures jumped on Monday (May 26, 2025) and the Asian shares mostly fell after US President Donald Trump, saying that he would delay 50% tariff on goods from the European Union from 9 July 2025 to 1 June, 2025.
According to the Retailing of the US President, President Donald Trump announced the verdict on Sunday (May 25, 2025) on Sunday (May 25, 2025) after a call after a call.
Last week, Mr. Trump said on social media that the trade talks with the European Union “were not going anywhere” and “directly 50%” tariffs could be effective on June 1, 2025. Futures for S&P 500 received 1%, while 0.8%advanced for Dow Jones Industrial Average.
In Asian trade, Tokyo’s Nikkei climbed 225 0.7% to 37,427.48, while Kospi in Seoul rose from 1.2% to 2,622.07. Hong Kong’s Hang Seng lost from 1% to 23,370.94 and the Shanghai Composite Index fell 0.3% to 3,338.42. Australia’s S&P/ASX 200 was unchanged at around 8,360.70. Other regional markets were mostly low. On Friday (May 23, 2025), the US shares fell as the traders weighed whether Mr. Trump’s latest threats were just negotiating the strategy.
S&P 500 lost from 0.7% to 5,802.82 to shut down its worst week in the last seven. Dow Jones Industrial Average fell 0.6% to 41,603.07, and Nasdaq Composite rose from 1% to 18,737.21.
Apple dropped 3% and Mr. Trump said that it was the heaviest weight on S&P 500 after advancing Apple CEO Tim Cook to transfer iPhone production to the United States. He warned a tariff “At least 25% should be paid to the US by Apple” if it is not.
President Trump later clarified his position to say that all smartphones made abroad would be taxed, and tariffs may come soon in late June.
“It will be Samsung and any person who makes that product,” said Mr. Trump. “Otherwise, it would not be appropriate.” President Trump is personally criticizing companies when they are disappointed by how they are working due to their tariffs and their business war has arisen due to uncertainty. He earlier told Walmart that the retailer said that the prices were likely to increase prices to cover the increased cost of imports, “Tariffs with China” should be eaten. ,
Deckers became one of the latest companies to say all the uncertainty around the economy, the company behind outdoor, hoca and UGGS brands, means that it would not offer financial forecast for the full year. Its stock shed 19.9%, even though the company reported a strong profit and revenue for the latest quarter.
Ross stores fell 9.8% after pulling their financial forecasts for the whole year, stating how much more than half of its sale in China. Wall Street had an intuit on the victorious side, which increased by 8.1% after the company behind Turbotax and Credit Karma reported a strong advantage for the latest quarter compared to analysts.
The shares of the nuclear industry also held a rally even after signing the executive orders of Mr. Trump to speed up nuclear licensing decisions, to charge the industry among other measures. Oclo, which is developing rapid fragmentation power plants, jumped 23%.
Mr. Trump’s latest tariff threats shook the Wall Street, as most of the damage caused by the trade war had corrected most of the damage. The S&P 500 fell nearly 20% from its record at one point last month, when the concerns were at his height whether Sri Trump’s rigid tariff would cause global recession. After stopping his tariffs on many countries, Mr. Trump, the index returned within 3% of his all -time high, especially China.
In other trading on Monday (May 26, 2025), US benchmark crude oil increased by 9 cents to $ 61.62 per barrel. International Standard Brent crude added 6 cents to $ 64.27 per barrel. The US dollar fell from 142.55 yen to 142.32 Japanese yen. The euro grew higher from $ 1.1369 to $ 1.1411.
Published – May 26, 2025 11:21 am IST
