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Trump Sets 10-12% Tariffs as Oil Hits $100, Claims Dip

7/26/2026

46 11 Full Breakdown

Summary

Story summary

U.S. President Donald Trump is imposing 10%-12.5% tariffs on imports from 60 partners covering 99% of imports after temporary tariffs expire Friday.
Labor Department said weekly unemployment claims fell to 187,000 for the week ending July 18, the lowest since September 6, 1969.
Crude oil topped $100 per barrel this week, prompting Fitch Ratings’ head of U.S. economics to warn the intensified war with Iran harms consumers.

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Story summary

U.S. President Donald Trump is imposing 10%-12.5% tariffs on imports from 60 partners covering 99% of imports after temporary tariffs expire Friday.
Labor Department said weekly unemployment claims fell to 187,000 for the week ending July 18, the lowest since September 6, 1969.
Crude oil topped $100 per barrel this week, prompting Fitch Ratings’ head of U.S. economics to warn the intensified war with Iran harms consumers.