Marketplace All-in-One EU president secures vital tariffs delay
May 26, 2025
Ursula von der Leyen has secured a delay on President Trump's hefty tariffs, boosting market optimism as the euro strengthens. Southeast Asian leaders are convening to discuss their complex trade relations amid these tariff developments. The spotlight shifts to the alarming global dependency on critical minerals for clean energy, with the International Energy Agency warning nations to diversify sources. China's recent export controls on these minerals are causing ripples in global supply chains, affecting everything from electronics to aerospace.
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Trump Delays EU Tariffs
- President Trump delayed imposing 50% tariffs on the EU until July 9 to allow more time for a trade deal.
- This decision boosted markets, raising the euro to a one-month high against the dollar.
ASEAN Responds to Tariffs
- ASEAN members are responding to U.S. tariffs by enhancing regional trade ties and economic interdependence.
- Export-dependent Southeast Asia values trade agreements to counter global protectionism.
Critical Mineral Supply Risks
- The world relies heavily on a few countries, mainly China, for critical minerals needed in clean energy tech.
- Diversifying supply and stockpiling some minerals might mitigate risks from disruptions.