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Hang Seng drops as European markets rise after Trump delays EU tariff hike
![IndiaTimes]()
Monday, 26 May 2025
European shares and U.S. futures experienced a surge following President Trump's decision to postpone a 50% tariff on EU goods until July 9. This decision boosted Germany's DAX and France's CAC 40, while U.S. futures also climbed. However, most Asian markets declined, with Hong Kong's Hang Seng Index taking a significant hit, despite gains in Tokyo and Seoul.
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![News video: Trump suggests 50% tariff on EU goods starting in June]()
Trump suggests 50% tariff on EU goods starting in June 01:10
Trump suggests 50% tariff on EU goods starting in June
US President Donald Trump on Friday threatened a 50% tax on all imports from the European Union, as the trade war intensifies.
READ MORE : http://www.euronews.com/2025/05/23/trump-suggests-50-tariff-on-eu-goods-starting-in-june
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