Stocks climb as US-EU trade tensions ease
Wall Street shares bounced yesterday, catching up to a European rally after US President Donald Trump delayed huge tariffs on imports from the EU over the long holiday weekend.
New York's main stock markets all rebounded as trading resumed in New York after the Memorial Day weekend, with the broad-based S&P 500 gaining more than one% and the tech-heavy Nasdaq up 1.4%.
The Frankfurt stock market rose 0.6% while Paris was flat in afternoon deals following Monday's rally in Europe.
Trump sent markets into a tailspin Friday when he threatened to hit EU goods with a 50% tariff from June 1, saying talks were 'going nowhere'.
But after a phone call Sunday with EU chief Ursula von der Leyen, Trump delayed the levies until July 9 to give more time for negotiations.
EU trade commissioner Maros Sefcovic said Monday following calls with top US officials that the bloc remains 'fully committed' to reaching a trade agreement with the United States.
'This postponement has helped soothe tensions following last week's turbulence and is widely viewed as a temporary de-escalation in the ongoing trade dispute,' said David Morrison, senior market analyst at financial services firm Trade Nation. Analysts cautioned, however, that Trump's trade policies have been erratic.
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Rank Countries 2025 GDP(in Millions) 1 🇺🇸 U.S. $30,507 2 🇨🇳 China $19,232 3 🇩🇪 Germany $4,745 4 🇮🇳 India $4,187 5 🇯🇵 Japan $4,186 6 🇬🇧 UK $3,839 7 🇫🇷 France $3,211 8 🇮🇹 Italy $2,423 9 🇨🇦 Canada $2,225 10 🇧🇷 Brazil $2,126 11 🇷🇺 Russia $2,076 12 🇪🇸 Spain $1,800 13 🇰🇷 South Korea $1,790 14 🇦🇺 Australia $1,772 15 🇲🇽 Mexico $1,693 16 🇹🇷 Türkiye $1,437 17 🇮🇩 Indonesia $1,430 18 🇳🇱 Netherlands $1,272 19 🇸🇦 Saudi Arabia $1,084 20 🇵🇱 Poland $980 21 🇨🇭 Switzerland $947 22 🇹🇼 Taiwan $805 23 🇧🇪 Belgium $685 24 🇦🇷 Argentina $684 25 🇸🇪 Sweden $620 26 🇮🇪 Ireland $599 27 🇮🇱 Israel $583 28 🇸🇬 Singapore $565 29 🇦🇪 UAE $549 30 🇹🇭 Thailand $546 31 🇦🇹 Austria $534 32 🇳🇴 Norway $504 33 🇵🇭 Philippines $497 34 🇻🇳 Vietnam $491 35 🇧🇩 Bangladesh $467 36 🇩🇰 Denmark $450 37 🇲🇾 Malaysia $445 38 🇨🇴 Colombia $428 39 🇭🇰 Hong Kong $424 40 🇿🇦 South Africa $410 41 🇷🇴 Romania $403 42 🇨🇿 Czech Republic $360 43 🇪🇬 Egypt $347 44 🇨🇱 Chile $344 45 🇮🇷 Iran $341 46 🇵🇹 Portugal $321 47 🇫🇮 Finland $304 48 🇵🇪 Peru $303 49 🇰🇿 Kazakhstan $301 50 🇩🇿 Algeria $269 51 🇬🇷 Greece $267 52 🇮🇶 Iraq $258 53 🇳🇿 New Zealand $249 54 🇭🇺 Hungary $237 55 🇶🇦 Qatar $223 56 🇺🇦 Ukraine $206 57 🇳🇬 Nigeria $188 58 🇲🇦 Morocco $166 59 🇰🇼 Kuwait $153 60 🇸🇰 Slovak Republic $147 61 🇺🇿 Uzbekistan $132 62 🇰🇪 Kenya $132 63 🇩🇴 Dominican Republic $128 64 🇪🇨 Ecuador $126 65 🇵🇷 Puerto Rico $123 66 🇬🇹 Guatemala $121 67 🇪🇹 Ethiopia $117 68 🇧🇬 Bulgaria $117 69 🇦🇴 Angola $113 70 🇻🇪 Venezuela $109 71 🇴🇲 Oman $104 72 🇨🇷 Costa Rica $103 73 🇭🇷 Croatia $99 74 🇱🇺 Luxembourg $97 75 🇨🇮 Côte d'Ivoire $94 76 🇷🇸 Serbia $93 77 🇵🇦 Panama $92 78 🇱🇹 Lithuania $89 79 🇹🇲 Turkmenistan $89 80 🇬🇭 Ghana $88 81 🇹🇿 Tanzania $86 82 🇺🇾 Uruguay $80 83 🇨🇩 DRC $79 84 🇦🇿 Azerbaijan $79 85 🇸🇮 Slovenia $75 86 🇧🇾 Belarus $72 87 🇲🇲 Myanmar $65 88 🇺🇬 Uganda $64 89 🇧🇴 Bolivia $56 90 🇹🇳 Tunisia $56 91 🇯🇴 Jordan $56 92 🇨🇲 Cameroon $56 93 🇲🇴 Macao $53 94 🇰🇭 Cambodia $50 95 🇧🇭 Bahrain $48 96 🇱🇾 Libya $47 97 🇳🇵 Nepal $46 98 🇱🇻 Latvia $46 99 🇵🇾 Paraguay $45 100 🇪🇪 Estonia $45 101 🇨🇾 Cyprus $39 102 🇭🇳 Honduras $38 103 🇿🇼 Zimbabwe $38 104 🇸🇻 El Salvador $37 105 🇬🇪 Georgia $35 106 🇮🇸 Iceland $35 107 🇸🇳 Senegal $35 108 🇭🇹 Haiti $34 109 🇵🇬 Papua NewGuinea $33 110 🇸🇩 Sudan $32 111 🇬🇳 Guinea $30 112 🇿🇲 Zambia $29 113 🇧🇦 Bosnia &Herzegovina $29 114 🇦🇱 Albania $28 115 🇧🇫 Burkina Faso $27 116 🇹🇹 Trinidad& Tobago $26 117 🇦🇲 Armenia $26 118 🇬🇾 Guyana $26 119 🇲🇳 Mongolia $26 120 🇲🇹 Malta $26 121 🇲🇿 Mozambique $24 122 🇲🇱 Mali $23 123 🇧🇯 Benin $22 124 🇳🇪 Niger $22 125 🇯🇲 Jamaica $21 126 🇳🇮 Nicaragua $21 127 🇬🇦 Gabon $20 128 🇰🇬 KyrgyzRepublic $20 129 🇲🇩 Moldova $19 130 🇧🇼 Botswana $19 131 🇹🇩 Chad $19 132 🇲🇬 Madagascar $19 133 🇲🇰 North Macedonia $18 134 🇾🇪 Yemen $17 135 🇱🇦 Laos $16 136 🇧🇳 Brunei $16 137 🇲🇺 Mauritius $15 138 🇨🇬 Congo $15 139 🇧🇸 The Bahamas $15 140 🇹🇯 Tajikistan $15 141 🇷🇼 Rwanda $15 142 🇳🇦 Namibia $14 143 🇲🇼 Malawi $14 144 🇸🇴 Somalia $13 145 🇬🇶 EquatorialGuinea $13 146 🇲🇷 Mauritania $11 147 🇽🇰 Kosovo $11 148 🇹🇬 Togo $10 149 🇲🇪 Montenegro $9 150 🇸🇱 Sierra Leone $8 151 🇧🇧 Barbados $8 152 🇲🇻 Maldives $7 153 🇧🇮 Burundi $7 154 🇫🇯 Fiji $6 155 🇸🇿 Eswatini $5 156 🇱🇷 Liberia $5 157 🇩🇯 Djibouti $5 158 🇸🇷 Suriname $5 159 🇦🇼 Aruba $4 160 🇦🇩 Andorra $4 161 🇸🇸 South Sudan $4 162 🇧🇿 Belize $4 163 🇧🇹 Bhutan $3 164 🇨🇫 Central AfricanRepublic $3 165 🇨🇻 Cabo Verde $3 166 🇬🇲 The Gambia $3 167 🇱🇨 Saint Lucia $3 168 🇱🇸 Lesotho $2 169 🇦🇬 Antigua& Barbuda $2 170 🇬🇼 Guinea-Bissau $2 171 🇸🇨 Seychelles $2 172 🇹🇱 Timor-Leste $2 173 🇸🇲 San Marino $2 174 🇸🇧 Solomon Islands $2 175 🇰🇲 Comoros $2 176 🇬🇩 Grenada $1 177 🇻🇺 Vanuatu $1 178 🇻🇨 Saint Vincent& the Grenadines $1 179 🇼🇸 Samoa $1 180 🇰🇳 Saint Kitts& Nevis $1 181 🇸🇹 São Tomé& Príncipe $1 182 🇩🇲 Dominica $1 183 🇹🇴 Tonga $1 184 🇫🇲 Micronesia $1 185 🇵🇼 Palau $0.3 186 🇰🇮 Kiribati $0.3 187 🇲🇭 Marshall Islands $0.3 188 🇳🇷 Nauru $0.2 189 🇹🇻 Tuvalu $0.1 Note: Data missing for Afghanistan, Eritrea, Lebanon, Pakistan, Sri Lanka, Syria, and Palestine. If we skip the next three economies—Germany, India, and Japan—then the entire rest of the world (184 countries), also has an economic output of around $50 trillion. Which means that despite the rise of regional trade, there is no escaping one of the two economic giants. Groups 2025 GDP(in Millions) 🇺🇸 U.S. & 🇨🇳 China $49,739 🌐 184 Countries $50,381 🇩🇪 Germany, 🇮🇳 India, 🇯🇵 Japan $13,118 Note: Figures are rounded to the closest trillion in the visualization. China's figures do not include Hong Kong or Macao. The U.S. is the world's largest importer of consumer goods, and China is the largest exporter. Most of the world picks one of these two as their largest trading partner. So even when countries might not enjoy the geopolitics of both countries, their economic might effectively makes them the loudest voice in the room. Want more fun comparison maps? Check out: Germany's Economy Equals 22 Other European Countries Combined for regional-specific breakdowns.
