What new tariffs did the Trump administration impose, and on whom?

The Trump administration imposed new tariffs of 10% to 12.5% on imports from 60 U.S. trading partners—accounting for 99% of U.S. imports—citing their inadequate enforcement of bans on goods produced by forced labor; these tariffs took effect as temporary 10% worldwide tariffs expired at 12:01 a.m. Friday, following the Supreme Court’s February ruling that struck down Trump’s earlier, broader tariffs.

How have U.S. gasoline prices changed recently, and what factors contributed to the increase?

U.S. gasoline prices rose to a national average of $4.11 per gallon on Friday—nearly $1 more than a year ago and about 12 cents higher than the previous week—with prices surging above $4 a gallon Monday amid escalating attacks between the U.S. and Iran and global crude oil prices jumping above $100 per barrel for the first time in two months.

America In Focus: New Tariffs, Soaring Gas, Mortgages and a Down Week for Wall Street

Jul 26, 2026

President Trump enacted new tariffs on 99% of US imports as global crude prices surpassed $100 per barrel amid Middle East tensions. Concurrently, US gas prices reached $4.11 per gallon and mortgage rates rose to 6.58%, significantly affecting household budgets and market stability.

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