Trump admin plans new tariffs on dozens of countries

The Trump administration is preparing to announce a new wave of tariffs on dozens of countries this week, as a temporary global tariff regime is set to expire on July 24. U.S. Trade Representative Jamieson Greer indicated that action is imminent, stating that new measures could be announced soon, though he declined to specify a precise timeline.

The planned duties, targeting as many as 60 countries, would range from 10% to 12.5%. They would be implemented under a Section 301 investigation into forced labor practices, according to reports. This legal strategy marks a shift from the administration's previous approach, which relied on emergency powers the Supreme Court struck down in February. That ruling found the president lacked clear congressional authorization to impose sweeping tariffs under the International Emergency Economic Powers Act, a decision that has compelled the government to issue billions of dollars in refunds to affected companies.

The new tariffs would replace a blanket 10% duty imposed under Section 122 of the Trade Act of 1974, which is scheduled to lapse at 12:01 a.m. ET on Friday. The administration's move to base the new measures on forced labor...