President Donald Trump is set to introduce new tariffs affecting up to 60 countries as a temporary global import duty nears its expiration, according to reports.
President Donald Trump is preparing to impose a new round of tariffs on dozens of countries as the temporary 10% global import duty approaches its expiration date, according to a report by the Financial Times.
The proposed tariffs could impact as many as 60 countries and may be implemented as soon as this week. This move follows a recent ruling by the U.S. Supreme Court that struck down Trump’s previous sweeping tariff measures, prompting the administration to explore alternative legal avenues to maintain its trade policy.
The new duties are expected to be similar to the existing 10% global tariff, although the Trump administration is also considering the possibility of imposing higher rates. The current 10% tariff is set to expire on Friday, as reported by Reuters, citing the Financial Times.
U.S. Trade Representative Jamieson Greer has indicated that the administration is preparing for another round of tariffs. This latest approach may involve action under Section 301 of the Trade Act of 1974, which permits the United States to respond to what it deems unfair trade practices by foreign nations.
The administration has expressed concerns regarding forced labor practices and the enforcement of laws aimed at preventing imports linked to such practices. A recent U.S. trade review reportedly found that approximately 60 trading partners had not adequately prohibited or enforced restrictions on goods produced with forced labor.
The proposed tariffs could target major U.S. trading partners, including China, India, the European Union, and several Southeast Asian economies. However, the specific rates and countries affected have yet to be formally announced.
This tariff initiative follows a significant legal setback for Trump’s trade agenda. After the Supreme Court rejected the administration’s earlier use of emergency powers to impose broad tariffs, the White House introduced the temporary 10% global duty under Section 122 of the Trade Act of 1974. This measure was intended as a short-term replacement for the tariffs invalidated by the court.
The potential for another wave of tariffs has raised concerns among businesses and trading partners that have already faced uncertainty regarding U.S. trade policy. Increased import duties could raise costs for American companies that depend on overseas supply chains, potentially putting additional pressure on consumer prices.
For India and other major exporters, the new measures could create further uncertainty for companies selling goods to the U.S. market. The overall impact will largely depend on the final tariff rates and whether individual countries receive exemptions or negotiate separate trade arrangements with Washington.
The Trump administration has made tariffs a central component of its economic and trade strategy, arguing that they can protect American industries, address trade imbalances, and encourage domestic manufacturing. The latest plans indicate that tariffs will continue to be a significant tool of U.S. trade policy, even as the administration navigates legal challenges to its authority to impose broad duties.
As the situation develops, stakeholders across various sectors will be closely monitoring the administration’s next steps regarding tariffs and trade relations.
According to Financial Times, the administration’s approach to tariffs remains a focal point of its economic strategy.