White House teases new trade action ‘soon’ as it works to re-create global tariff regime
Jamieson Greer said the measures could cover most U.S. trade as temporary levies expire and the White House moves to replace them.
- On Tuesday, the Trump administration raced to finalize replacements for temporary 10% baseline tariffs expiring Friday, which the Supreme Court previously ruled illegal.
- Officials plan to impose new tariffs of 10% or 12.5% on 99.4% of all imports, citing inadequate efforts by trading partners to prevent forced labor amid recent legal setbacks.
- Separately, the administration announced 50% tariffs on many Canadian products effective in 30 days, alongside a 25% tariff on various Brazilian goods taking effect Wednesday.
- Utilizing Section 338 of the Tariff Act of 1938—a provision never previously used—the U.S. seeks leverage; trade lawyer Dave Townsend of Dorsey & Whitney warned of a "cycle of escalation and retaliation."
- With 16 major trading partners targeted over excess industrial capacity, Greer told CNBC on Tuesday to expect "action soon" on new tariffs, complicating the USMCA's future.
106 Articles
106 Articles
Trump set to impose new tariffs on dozens of countries this week - FTUS President Donald Trump is set to impose new tariffs on dozens of countries this week, despite warnings from advisers, as tensions between the US and Iran escalate.
The White House outlines new tariffs as temporary tariffs expire and trade tensions grow with its main partners
Costa Rica Faces a Proposed 12.5 Percent US Tariff : The Tico Times | Costa Rica News
Costa Rica is among 60 economies that the United States has targeted for new tariffs tied to a federal investigation into forced labor in global supply chains, and formal announcements could come within days after US Trade Representative Jamieson Greer signaled on Tuesday that the measures are nearing completion. Greer described the pending action during a televised interview, casting it as a response to trading partners that, in Washington’s as…
Trump tees up fresh tariffs on 60 more countries
US President Donald Trump plans to unleash new tariffs on 60 more countries as soon as Friday, setting up another round of bruising trade wars. Trump has already hit Canada and Brazil with fresh levies; the US’ trade representative said Tuesday, “We do expect action soon.” The duties could fall between 10 and 12.5%, the Financial Times reported, and risk amplifying uncertainty amid ongoing negotiations over the US-Mexico-Canada agreement, which …
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