As President Trump paused strikes on Iran over the weekend, he ratcheted up pressure on another front: his renewed trade war.

On Friday, the US president imposed levies of 10 or 12.5% on 60 economies, the first in many steps to rebuild the tariff wall destroyed when the Supreme Court overturned Trump’s IEEPA tariffs in February.

On today’s Big Take podcast, Bloomberg’s global trade editor Brendan Murray sits down with host David Gura to break down the latest tariffs, what they reveal about the administration’s new strategy and whether they’ll hold up in court.

Read more:
Trump Rebuilds Tariffs With New Levies on 60 Economies
How Trump’s Section 301 Tariffs Are Being Challenged in Court

Watch more:

US Trade Rep. Greer on China Relations and Section 301 Tariffs

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Brendan Murray; Edited by Nicole Beemsterboer. Fact-checking by Rachael Lewis-Krisky; Engineering by Emma Munger.

As President Trump paused strikes on Iran over the weekend, he ratcheted up pressure on another front: his renewed trade war.
On Friday, the US president imposed levies of 10 or 12.5% on 60 economies, the first in many steps to rebuild the tariff wall destroyed when the Supreme Court overturned Trump&rsquo;s IEEPA tariffs in February.
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s global trade editor Brendan Murray sits down with host David Gura to break down the latest tariffs, what they reveal about the administration&rsquo;s new strategy and whether they&rsquo;ll hold up in court.
Read more:
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-07-23/us-sets-new-forced-labor-duties-as-trump-resurrects-tariff-wall?srnd=homepage-uk">Trump Rebuilds Tariffs With New Levies on 60 Economies</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-07-26/trump-s-section-301-tariffs-how-they-re-being-challenged-in-court">How Trump&rsquo;s Section 301 Tariffs Are Being Challenged in Court</a></li>
</ul>
Watch more:
<a href="https://www.bloomberg.com/news/videos/2026-07-16/us-trade-rep-greer-on-global-trade-section-301-tariffs-video">US Trade Rep. Greer on China Relations and Section 301 Tariffs</a>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by David Gura; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Brendan Murray; Edited by Nicole Beemsterboer. Fact-checking by Rachael Lewis-Krisky; Engineering by Emma Munger.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Trump Rebuilds His Tariff Wall, Brick by Brick

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/35bf4e75-7261-4b59-8028-b494012c7ea6/transcript