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Trump Issues Punitive Tariffs on 80+ Nations, Including EU

7/25/2026

Summary

Story summary

President Donald Trump issues punitive tariffs on over 80 countries, including EU members, for unfair labor practices.
The duties replace a set after the Supreme Court struck down earlier levies in February, amid U.S. war with Iran and oil near $100 a barrel.
ING economist Carsten Brzeski says higher energy prices have weakened growth since “Liberation Day” last year, noting analysts consider the economy has already absorbed much trade-war inflation.

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Story summary

President Donald Trump issues punitive tariffs on over 80 countries, including EU members, for unfair labor practices.
The duties replace a set after the Supreme Court struck down earlier levies in February, amid U.S. war with Iran and oil near $100 a barrel.
ING economist Carsten Brzeski says higher energy prices have weakened growth since “Liberation Day” last year, noting analysts consider the economy has already absorbed much trade-war inflation.