WSJ What’s News

Trump Administration Announces New Tariffs on Over 80 Countries

The U.S. plans to impose new tariffs on most trade partners, replacing President Trump’s temporary global 10% tariff.

The U.S. plans to impose new tariffs on most trade partners, replacing President Trump’s temporary global 10% tariff.

1
12 minJul 23, 2026WSJ What’s News

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Trump Administration Announces New Tariffs on Over 80 Countries

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Key takeaways

What to know before you press play.

01

New Tariff Structure

The U.S. plans to impose new tariffs on most trade partners, replacing President Trump’s temporary global 10% tariff.

1
02

Tariff Scope Correction

New U.S. tariffs target 60 economies, or more than 80 countries.

7
03

Market Reactions

The threat of escalating conflict in the Middle East drove oil prices over $100, and concerns around higher inflation made bond yields surge.

2
04

Tech Sector Volatility

Heavy AI spending from Alphabet and Tesla spooked investors, and the Nasdaq dropped more than 2%.

4
05

IBM Earnings Analysis

After IBM issued a rare profit warning last week, the company’s earnings shed more light on what went wrong.

5

Ask GenPod next

Keep the question moving.

01

How do the new tariffs compare to the previous 10% global tariff?

02

What is the impact of Middle East conflict on oil prices?

03

Why did heavy AI spending spook investors?

Questions

Questions to carry into the episode.

How many countries are targeted by the new tariffs?

New U.S. tariffs target 60 economies, or more than 80 countries.

7
What replaced the temporary global 10% tariff?

The U.S. plans to impose new tariffs on most trade partners, replacing President Trump’s temporary global 10% tariff.

1
How did Middle East conflict affect oil prices?

The threat of escalating conflict in the Middle East drove oil prices over $100.

2
What caused the Nasdaq to drop more than 2%?

Heavy AI spending from Alphabet and Tesla spooked investors, and the Nasdaq dropped more than 2%.

4

Experts

Voices named in the source.

Sam Goldfarb

WSJ markets reporter

3

Anissa Gardizy

reporter

6

Christopher Mims

tech columnist

6

Arvind Krishna

IBM CEO

6

Sources and disclosure

Where this guide comes from.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

  1. Publisher show notes

    The U.S. plans to impose new tariffs on most trade partners, replacing President Trump’s temporary global 10% tariff.

  2. Publisher show notes

    Plus, the threat of escalating conflict in the Middle East drove oil prices over $100, and concerns around higher inflation made bond yields surge.

  3. Publisher show notes

    WSJ markets reporter Sam Goldfarb discusses how that ripples through the economy.

  4. Publisher show notes

    Meanwhile, heavy AI spending from Alphabet and Tesla spooked investors, and the Nasdaq dropped more than 2%.

  5. Publisher show notes

    And after IBM issued a rare profit warning last week, the company’s earnings shed more light on what went wrong.

  6. Publisher show notes

    We hear from reporter Anissa Gardizy about where its business goes from here, while tech columnist Christopher Mimsspoke with IBM CEO Arvind Krishna.

  7. Publisher show notes

    Correction: New U.S. tariffs target 60 economies, or more than 80 countries. An earlier version of this podcast incorrectly said the tariffs target 60 countries. (Corrected on July 24.)

  8. Publisher show notes

    Sign up for the WSJ's free What's News newsletter.

  9. Publisher show notes

    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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