In a post on Truth Social, Trump stated that the extension came at the request of European Commission President Ursula von der Leyen, adding that negotiations would begin promptly. Von der Leyen described the conversation as a “good call” and emphasized Europe’s readiness to move talks forward swiftly and decisively. The delay came shortly after Trump reiterated his criticism of the EU, referring to it as a “very difficult” partner and claiming that prior talks had made no progress. The proposed tariffs would target approximately $606 billion worth of EU exports to the United States in 2024. The U.S. remains the EU’s largest trading partner, accounting for 21 percent of its exports. Meanwhile, Trump also noted that his broad fiscal plan, which includes increased spending and tax cuts, could see “significant” revisions in the Senate, reflecting persistent fiscal concerns in financial markets.

In the bond market, German 10-year yields opened the week higher, climbing to around 2.60 percent, while Japanese 10-year yields edged lower to approximately 1.53 percent.

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