Marketplace Morning Report EU president secures vital tariffs delay
May 26, 2025
EU president Ursula von der Leyen has delayed damaging tariffs on European imports, sparking optimism in the markets. Meanwhile, Southeast Asian leaders are strategizing to boost regional trade amidst rising global protectionism. The International Energy Agency raises alarms about dependency on a few countries for critical minerals essential for clean energy. Additionally, China's export restrictions on rare earth minerals are impacting global prices and industries, pushing other nations to secure these invaluable resources.
AI Snips
Chapters
Transcript
Episode notes
EU Tariffs Delay Eases Market Fears
- President Trump delayed his proposed 50% tariffs on EU imports to July 9 after talking with Ursula von der Leyen.
- This gave European markets a boost, lifting the euro versus the dollar by easing trade war fears.
ASEAN Builds Trade Resilience
- ASEAN leaders are responding to US tariffs by strengthening regional trade ties and negotiating new agreements.
- They emphasize economic interdependence to remain competitive amid global protectionism.
Critical Minerals Dependency Risk
- The International Energy Agency warns that critical minerals for clean energy are too concentrated in few countries, mainly China.
- This concentration poses risks to energy security and calls for diversification and possible stockpiling strategies.