
The intraday gains of US stocks have expanded, and Trump praises the EU: Encouraged by the EU's acceleration of trade negotiations

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U.S. President Trump expressed encouragement over the EU's acceleration of trade negotiations and agreed to extend the start date for imposing a 50% tariff on the EU to July 9. After a call with European Commission President Ursula von der Leyen, von der Leyen stated that both sides need time to reach an agreement. Trump had previously threatened to impose high tariffs starting June 1, causing market turmoil. The EU plans to focus on the areas threatened by Trump's additional tariffs and continue to push for negotiations
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