US futures jump while Asian shares slip after Trump delays tariffs on the EU

Trader Robert Oswaldworks on the floor of the New York Stock Exchange (AP/Richard Drew)

US futures jumped and Asian shares mostly fell on Monday after US President Donald Trump said he would delay a threatened 50% tariff on goods from the European Union to July 9 from June 1.

Mr Trump announced the decision after a call on Sunday with Ursula von der Leyen, the president of the European Commission, who said she “wants to get down to serious negotiations”, according to the US president’s retelling.