At the end of last week, President Donald Trump threatened to impose a 50% tariff on the European Union starting June 1st after complaining the bloc was slow-walking negotiations and unfairly targeting US companies with lawsuits and regulations. Now today, President Trump said he would extend the deadline for the EU to face 50% tariffs until July 9 after a phone call with Commission President Ursula von der Leyen. We get market perspective from Stephanie Leung, Chief Investment Officer at StashAway.

Plus - Nippon Steel shares rose after President Trump says he will back a partnership between the Japanese company and US Steel. This comes as Japan is aiming for a trade deal with the US in June. We get reaction from Kurt Tong, Managing Partner at the Asia Group.

At the end of last week, President Donald Trump threatened to impose a 50% tariff on the European Union starting June 1st after complaining the bloc was slow-walking negotiations and unfairly targeting US companies with lawsuits and regulations. Now today, President Trump said he would extend the deadline for the EU to face 50% tariffs until July 9 after a phone call with Commission President Ursula von der Leyen. We get market perspective from Stephanie Leung, Chief Investment Officer at StashAway. Plus - Nippon Steel shares rose after President Trump says he will back a partnership between the Japanese company and US Steel. This comes as Japan is aiming for a trade deal with the US in June. We get reaction from Kurt Tong, Managing Partner at the Asia Group.

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

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Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Trump Extends Deadline for Tariffs on the European Union

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