US readies new tariffs as Trump’s 10pct global levy to expire
The United States is set to impose new tariffs that could hit dozens of countries soon, trade envoy Jamieson Greer signalled Tuesday, with President Donald Trump’s temporary global levies due to expire this week.
The Trump administration has prepared fresh tariffs targeting 60 trading partners over their alleged failures to act against forced labour, as officials push to rebuild the US leader’s trade agenda after legal setbacks.
“We expect to see some action soon,” Greer told CNBC when asked if new duties were incoming. He did not specify a timeline.
Trump imposed a 10 per cent global duty this year after a swath of his tariffs were struck down by the Supreme Court in February, but this levy expires on Friday.
Analysts expect that new tariffs over forced labour concerns – set between 10 per cent and 12.5 per cent – would replace these temporary duties.
They come as Trump makes a renewed push to use tariffs as leverage against US trading partners, sparking fears of retaliation and diplomatic tensions.
