Euro Steady Near $1.18 as US Tariffs Escalate Trade Tensions

2026-02-24 09:48 By Joana Ferreira 1 min. read

The euro hovered just below the $1.18 level as US President Donald Trump’s new 10% global tariff took effect, adding to trade tensions and dampening investor sentiment.

The measure was implemented through an executive order signed last Friday, only hours after the US Supreme Court blocked several of the administration’s earlier import duties.

According to Bloomberg, White House officials are drafting a formal order that could lift the tariff rate to 15%.

Trump also warned that countries seeking to “play games” with existing trade agreements risk facing higher duties, following the European Parliament’s decision to pause progress on a trade deal with Washington until greater policy clarity emerges from US authorities.

Investors are also turning their attention to upcoming inflation readings from Germany, France, and Spain for clearer signals on how the euro’s strength could influence price pressures and shape the policy path of the European Central Bank.



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Euro Steady Near $1.18 as US Tariffs Escalate Trade Tensions
The euro hovered just below the $1.18 level as US President Donald Trump’s new 10% global tariff took effect, adding to trade tensions and dampening investor sentiment. The measure was implemented through an executive order signed last Friday, only hours after the US Supreme Court blocked several of the administration’s earlier import duties. According to Bloomberg, White House officials are drafting a formal order that could lift the tariff rate to 15%. Trump also warned that countries seeking to “play games” with existing trade agreements risk facing higher duties, following the European Parliament’s decision to pause progress on a trade deal with Washington until greater policy clarity emerges from US authorities. Investors are also turning their attention to upcoming inflation readings from Germany, France, and Spain for clearer signals on how the euro’s strength could influence price pressures and shape the policy path of the European Central Bank.
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