DailyReport Recap dated 23.07.2025: Tariff dispute enters exciting final phase

July 23, 2025

On Wednesday, the energy markets changed only slightly on a closing price basis compared to the previous day. At the short end of the gas and electricity futures curve, the downward trend was slightly more pronounced, with around minus 1.2 percent in each front month. The tariff conflict between the EU and the USA is escalating. An agreement is possible but uncertain. There is a risk of 15 percent tariffs on EU goods in the USA.

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