Global Trade Tariffs and Economic Impact - July 2025

The Eurozone's Gross Domestic Product (GDP) increased by a modest 0.1 percent in the second quarter of 2025, according to Eurostat, indicating a slowing trend in economic expansion. Adidas announced plans to raise prices for US customers, citing an anticipated €200 million cost increase due to new US tariffs, primarily affecting products manufactured in Asia. Adding to global trade tensions, US President Donald Trump warned India could face tariffs as high as 25% if a trade deal is not finalized by the August 1 deadline, aiming to reduce the significant US trade deficit with the country.