Stocks Surge as Trump Delays EU Tariffs, Markets Rebound

​Wall Street kicked off the week with a bang after President Trump announced a delay in the rollout of a broad 50% tariff on all EU imports, originally set to begin June 1. The new deadline, July 9, gives negotiators more time—and gave investors a fresh reason to pile back into equities.

Dow futures rose 1.3%, the S&P 500 jumped 1.5%, and the Nasdaq 100 surged 1.7%, reversing some of the previous week’s tariff-fueled losses. Major indexes had dropped more than 2% last week as investors fretted over the aggressive tariff push and ballooning U.S. deficits.

The delay followed a direct appeal from European Commission President Ursula von der Leyen, who said the EU is ready for "swift and decisive negotiations." Markets interpreted the shift as a temporary de-escalation that could avoid a transatlantic trade war.

Asia-Pacific markets, however, were less enthusiastic. Japan, China, South Korea, and India all saw declines on Tuesday as regional investors digested the tariff volatility and braced for future fallout. Only Australia’s ASX 200 closed higher, rising 0.3%.

Meanwhile, the week ahead is packed with potential market-moving catalysts: earnings from Nvidia, data on durable goods and housing, and updates on Trump’s controversial tax bill, which narrowly passed the House.

​Bottom line: The tariff delay gave markets a much-needed lift. But with negotiations still pending and macro risks piling up, the mood remains cautiously optimistic—not euphoric.