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Tuesday, 29 July 2025

EU tariffs and you

07:57

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Also: About those great jeans. . . ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Jul 29 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Imported cars, pharmaceuticals, apparel and more could grow more expensive in the months to come as the United States imposes a 15% tariff on most imports from the European Union. 

Analysts have labeled the agreement a win for President Donald Trump. But for U.S. consumers, even this modest import tax is expected to spur higher prices.

Not everyone likes Sydney Sweeney's jeans

This time, it isn't Sydney Sweeney's bathwater causing controversy. It's her jeans. (And if you don't know the "bathwater" reference. . . Don't ask.)

The 27-year-old "Euphoria" star is featured in a new American Eagle Fall 2025 denim campaign with the tagline "Sydney Sweeney has great jeans." The collection services a good cause: The "Sydney Jean" sports a butterfly motif to signal domestic violence awareness. But some observers find the ad too "sexy" for a charitable cause. And there are other, darker concerns.

📰 More stories you shouldn't miss 📰

On some big buys, these retailers offer only 48-hour returns
Plenty of experience, but no degree
Pilot faces sex assault charges
What to do when your CEO goes viral
Here's the average 401(k) balance today

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Tax season isn't even close, but now is the time to start planning to take advantage of new provisions in the massive tax and spending bill that became law earlier in July, experts say.

No tax on tips and overtime and the $6,000 bonus deduction for seniors have been well publicized, but there's much more that can change your taxes.

About The Daily Money

Each weekday, The Daily Money  delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

A shopper holds a Nike shopping bag, as global markets brace for a hit to trade and growth caused by President Donald Trump's decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, on April 3, 2025.

Tariffs, including the 15% rate for most imports from the EU, would raise consumer prices by 1.8% in the short run, according to the Yale Budget Lab.

Sydney Sweeney joins forces with American Eagle for its Fall 2025 campaign.
 

The Sydney Sweeney jeans ads caused major backlash. Why?

The 27-year-old "Euphoria" star is featured in a new American Eagle Fall 2025 denim campaign with the tagline "Sydney Sweeney has great jeans."

U.S. President Donald Trump presents the sweeping spending and tax legislation, known as the "One Big Beautiful Bill Act," after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025. REUTERS/Leah Millis  TPX IMAGES OF THE DAY
 

'One Big Beautiful Bill' offers standard deduction users more benefits

It's not tax season, but now that Trump's spending bill is final, it's a great time to plan, experts say. Don't overlook these new benefits.

Customers inspect refrigerators displayed at a Home Depot store in San Rafael, California on March 31, 2025.
 

These retailers only offer 48-hour returns on major appliances

Some retailers only offer a 48-hour window to make returns for major appliances, while others have a more lenient return policy.

It used to be that most professional roles required a degree, but the hiring landscape has changed.
 

Plenty of experience but no degree: Am I right for the job?

Real-world experience is often the best teacher, and employers are increasingly recognizing this.

A plane of US airline Delta approaches for landing at Benito Juarez International Airport in Mexico City on July 22, 2025
 

Delta pilot faces child sex assault charges after post-flight arrest

A Delta Air Lines pilot was charged with five counts of child sex assault after a dramatic arrest on a plane that had just landed in San Francisco.

When a CEO makes headlines for the wrong reasons - a viral video, a tone-deaf comment or a scandal that dominates your social media feed - it can damage not only their reputation, but the company's as well.
 

CEO gone viral? Here's how to rebuild trust inside your company

When a CEO goes viral for the wrong reasons, rebuilding trust takes more than PR. Here's how leaders and employees can move forward with honesty.

A person at a laptop.
 

Here's the average 401(k) balance today. How does yours compare?

You may be curious to know how your 401(k) balance compares to the average saver's. To that end, Fidelity has some new data. And it may surprise you.

FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009.
 

Here's how much money you need to be financially 'comfortable.'

Most people think you need millions to be wealthy. But what if you merely want to be "comfortable"?

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