The euro climbed back above $1.18, rebounding from last week’s one-month lows as the USD weakened amid renewed uncertainty over US trade policy. Over the weekend, US President Donald Trump said he would raise a temporary tariff on imports from 10% to 15%, after the US Supreme Court blocked his broader tariff measures on Friday. EU Trade Commissioner Maros Sefcovic held talks on Saturday with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick, as Brussels seeks clarity on whether the transatlantic trade agreement struck in Scotland last summer remains in force following Trump’s latest tariff threat. The fast-moving developments prompted a senior EU lawmaker to call on the European Parliament to delay a vote on legislation implementing the bloc’s side of the deal. Investors are now awaiting inflation data from Germany, France and Spain later this week for further insight into how the euro’s strength could shape price pressures and the policy outlook for the ECB.