Trump and EU Trade Negotiations Show New Hope as US Stocks Surge

On the 23rd, President Trump stated that due to the deadlock in trade negotiations with the EU, he had suggested imposing a 50% tariff, with implementation set for June 1st. However, today a breakthrough occurred as Trump announced that the EU has requested to confirm a meeting date urgently. Following this news, all major US indices rose at the market open, with Nvidia and TSMC's ADR also showing upward trends.
On the 27th, Trump posted on his social media platform Truth, expressing satisfaction with the EU's proposed 50% tariff allocation, particularly in light of their “slow progress” in negotiations with the US. He emphasized that if the US cannot reach a fair agreement, he has the right to “prompt” the trade agreement with the US.
He further pointed out that the EU has requested to set the meeting date as soon as possible. This is a positive development, and he hopes that the EU will ultimately open its trade with the US, just as it has done with China, which would make both sides very happy and successful. Concurrently, the US stock market was also invigorated, with the Dow Jones Industrial Average skyrocketing over 400 points and the Nasdaq rising nearly 300 points. AI leader Nvidia surged more than 2%, while TSMC's ADR similarly rose by 2.01%.