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

On Tuesday, U.S. President Trump expressed encouragement over the European Union's acceleration of trade negotiations. "I just learned that the EU has proposed to quickly determine a time for talks. This is a positive signal, and I hope they will ultimately open the markets of European countries to the United States."

According to Xinhua News Agency, U.S. President Trump stated on the 25th that after a phone call with European Commission President Ursula von der Leyen, he agreed to extend the start date for imposing a 50% tariff on the EU from June 1 to July 9. Von der Leyen earlier posted on social media X that she had a "good call" with Trump, but "to reach a good agreement, we need time, until July 9." Von der Leyen indicated that the EU is ready to "swiftly and decisively" advance negotiations with the U.S.

On the 23rd, Trump threatened to impose a 50% tariff on goods imported from the EU starting June 1, far exceeding the 20% so-called "reciprocal tariff" that the U.S. had previously announced to postpone, which drew strong dissatisfaction from the EU and triggered renewed turmoil in the capital markets.

Media analysis pointed out that Trump rarely expresses appreciation for the EU, as he has long regarded the EU as a "conspiracy to fleece the United States."

The European Commission plans to focus its new trade strategy on key areas where Trump has imposed or threatened tariffs, including metals, automobiles, pharmaceuticals, semiconductors, and civilian aircraft. In addition, the EU will continue to work on addressing tariff and non-tariff barrier issues.

Previously, the EU had proposed a plan suggesting that both sides reduce tariffs on various goods and cooperate on global challenges and joint investments, but this proposal was rejected by the U.S., after which Trump threatened to further increase tariffs.

On Monday, after a call between EU Trade Commissioner Valdis Dombrovskis and U.S. Secretary of Commerce Gina Raimondo and Trade Representative Katherine Tai, member states received updates on the latest developments.

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