Trump Delays EU Tariffs, Global Markets Surge

President Trump postponed the planned 50% tariff on EU imports from June 1 to July 9, prompting a rally in global markets, including notable gains in the S&P 500, Dow Jones, and Nasdaq. The delay has been viewed as progress in U.S.-EU trade negotiations, with optimism from both sides about reaching a deal before the new deadline. The Swiss government has prepared to negotiate trade and customs issues with the U.S. and does not expect an immediate economic downturn, though Swiss exporters remain affected. Persistent concerns linger over ongoing tariff threats and uncertainty in trade policy, which could hurt business and consumer confidence. Key disputes in U.S.-EU trade include trade deficits, energy purchases, defense spending, and food safety standards. Sustained market optimism will depend on tangible results from the upcoming negotiations.