Trump unveils 15% global tariff as trade uncertainty deepens - Feb 23, 2026

As of February 23, today’s news highlights renewed uncertainties surrounding US trade policy, particularly in light of President Trump's latest tariffs and their implications for various industries. President Trump announced a 15% tariff on global imports following a Supreme Court ruling that invalidated previous emergency tariffs. Analysts note that the ruling adds a layer of complexity to the US trade environment, particularly concerning litigation over approximately 175 billion dollars in tariff revenues. Despite this, the immediate impact on companies like Prysmian appears limited amid existing exemptions and the continuation of certain tariffs related to steel and aluminum under the Section 232 regulations. Meanwhile, Enel has continued to shift its investment strategy, announcing plans for a 53 billion euro capital expenditure over the next three years, aiming to emphasize renewable energy and power grid enhancements in Europe and the US. This push aligns with a larger trend around energy investment but comes amid higher lead times and costs for necessary grid equipment, which may challenge expansion efforts despite an increase in overall investment. Turning to the markets, the US Commerce Department is expected to announce preliminary decisions soon regarding anti-subsidy duties for solar cells imported from India, Indonesia, and Laos. This decision is part of ongoing scrutiny over whether U.S. companies can compete against unfairly subsidized foreign imports. Furthermore, The U.S. Supreme Court agreed today to hear a bid by ExxonMobil and Suncor Energy to scuttle a lawsuit brought by officials in Boulder, Colorado that seeks to hold the oil companies liable for helping to fuel climate change. Moreover, Hungary's continued veto over EU sanctions against Russia adds to geopolitical tensions as Ukraine marks the anniversary of the invasion. This situation is critical, especially for EU support and solidarity regarding sanctions that could impact energy supplies.