May 26, 2025: Asian Markets React to Nvidia Earnings, US-EU Trade, and US Steel Deal

May 26, 2025 - Asian stock markets are displaying mixed reactions today, influenced by the anticipation of Nvidia's earnings report on May 28, ongoing U.S.-EU trade discussions, and recent developments regarding the Nippon Steel-U.S. Steel partnership. Trade dynamics between the U.S. and EU remain a key factor. President Trump initially considered imposing a 50% tariff on EU goods, scheduled to take effect on June 1, 2025. However, following discussions with European Commission President Ursula von der Leyen, the deadline was extended to July 9, introducing volatility into global markets. The EU has stated it is prepared to retaliate if necessary, emphasizing the importance of respectful trade negotiations. Investors are also closely watching for Nvidia's earnings report on May 28, 2025, as a significant indicator of trends in tech infrastructure. Furthermore, President Trump has approved Nippon Steel's partnership with U.S. Steel, contingent on increased U.S. investments. A rally is planned in Pittsburgh on May 30 to commemorate the partnership.