Zurich - Delayed Quote • EUR STXE 600 I (^STOXX) Follow 545.13 -5.14 (-0.93%) At close: May 23 at 6:00:00 PM GMT+2 All News EU Won’t Comment on Trump Tariff Threat Before Call With Greer The European Union won’t comment on President Trump’s threat to impose a 50% tariff on the bloc before a scheduled phone call between the two sides' top trade officials, an EU spokesperson said. EU Trade Commissioner Maroš Šefčovič is expected to speak with U. Trump Threatens 50% Tariff on EU President Trump threatened to impose a 50% tariff on goods from the European Union starting June 1, arguing that trade negotiations with the bloc aren't making progress. "Our discussions with them are going nowhere!" Trump said on his Truth Social platform on Friday. The EU "was formed for the primary purpose of taking advantage of the United States on TRADE," the president said in the post. Wall Street muted and FTSE down as Trump tax bill gets green light and UK government borrowing rises The House of Representatives passed Trump's 'big, beautiful bill' by a single vote. Wall Street mixed on Trump tax bill and FTSE muted as UK inflation surges Anxieties about the budget bill and US debt have helped push up US bond yields, sending them above the key 5% level. FTSE and US stocks slump, bond yields rise after Moody's downgrade UK government officials hailed a 'breakthrough' in talks with their European counterparts on Monday morning. Can the US and China maintain progress on trade talks? Yahoo Finance readers have their say Stocks have rallied this week, after the US and China agreed to temporarily cut tariffs on each other's imports, marking a de-escalation in trade tensions. Eurozone economic growth weaker than expected amid Trump's tariff turmoil Growth in the euro area expanded at a slower pace than expected in the first quarter of the year. Wall Street down and FTSE higher as traders digest US retail sales and UK growth data Britain's 0.7% growth made it the fastest-growing economy in the G7 in the first quarter of the year. Trump: U.S. Has ‘All the Cards’ in EU Trade Talks President Trump said the U.S. has “all the cards” in its trade discussions with the European Union. “The European Union is in many ways nastier than China. We've just started with them. We have all the cards. Wall Street follows FTSE higher amid hopes of US-China trade talks de-escalating tariff war US Treasury secretary Scott Bessent and trade representative Jamieson Greer will meet China's vice-premier He Lifeng in Switzerland on Saturday. Wall Street rises on trade optimism as Trump announces US-UK trade deal UK has become the first country to reach an agreement with the US on a trade deal since Trump announced his global tariff policy. Wall Street mixed as Federal Reserve holds interest rates A sharp 7% drop in Alphabet shares weighed on the Nasdaq, while a 10% pop in Disney stock powered the Dow higher. Markets mixed on quiet day as attention turns to central banks The US president said: 'We’re negotiating with many countries, but at the end of this, I’ll set my own deals.' European Firms Fare Better Than Feared Through Early Trade Pain (Bloomberg) -- European firms are reporting earnings significantly ahead of expectations, allowing for some relief in the market, but tariffs and the uncertain path of economic growth continue to cloud the outlook.Most Read from BloombergThe Battle Over the Fate of Detroit’s Renaissance CenterNYC Real Estate Industry Asks Judge to Block New Broker Fee LawNJ Transit Strike Would Be ‘Disaster’ for Region, Sherrill SaysIceland Plans for a More Volcanic FutureNJ Transit Urges Commuters to Work Remot Can European stocks continue to outperform US markets? Yahoo Finance readers have their say President Donald Trump's tariff agenda has driven big market swings, with European stocks outperforming US equities year to date. Global stocks rise as big tech results spark rally and US ‘reaches out’ to China for tariff talks US president Donald Trump hailed a 'good chance' of a deal between the two countries on Wednesday. FTSE tepid and US stocks dive as tariff knock sends US economy into contraction The latest figures showed the US economy in contraction for the first time in three years as a surge in imports dragged down GDP and prices increased more than forecast. Can European stocks continue to outperform US markets? Have your say Major European stock markets have outperformed their US counterparts so far this year. FTSE 100 gains, US stocks mixed with key earnings on deck Markets were also boosted by the prospect of a quieter geopolitical environment, as the US attempts to smooth the wrinkles in its relationships with other global powers. FTSE 100 and US markets gain as Trump softens stance on China tariffs and Powell Market worries about Trump trying to unseat Fed chair Jerome Powell were eased, as the president said he had 'no intention' of firing him.