Trump said he would delay European Union tariffs until July 9. U.S. stock futures and Europe equities are rallying.

Published: May 26, 2025 at 3:05 a.m. ET

President Trump said Sunday he will delay pushing through a 50% tariff increase on the E.U., which he announced late last week. Photo: john thys/Agence France-Presse/Getty Images

U.S. stock futures and European equity markets climbed on Monday, after President Trump said he would delay the threat of 50% tariffs on the European Union until July to allow for negotiations.

In a Truth Social post on Sunday, Trump said he agreed to postpone the trading bloc’s tariff hike from June 1 to July 9, after a phone call with European Commission President Ursula von der Leyen, who requested the extension. Trump announced an increase in those tariffs on Friday, driving losses for U.S. and Europe markets, with the S&P 500 SPX dropping 0.6%.