U.S. readies new tariffs as Trump's 10% global levy to expire
The Trump administration is preparing new tariffs targeting 60 trading partners over forced labor concerns as existing global levies expire. These measures are part of a broader strategy to use trade duties as leverage, impacting various sectors including pharmaceuticals and international trade relations.
Why it matters
These trade policies signal a significant shift in U.S. protectionist strategy, potentially triggering global retaliatory measures and economic instability.
The United States is set to impose new tariffs that could hit dozens of countries soon, trade envoy Jamieson Greer signalled on Tuesday (July 21, 2026), 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 labor, as officials push to rebuild the U.S. leader's trade agenda after legal setbacks.
"We expect to see some action soon," Mr. Greer told CNBC when asked if new duties were incoming. He did not specify a timeline.
Mr. Trump imposed a 10% 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 (July 24, 2026).
Analysts expect that new tariffs over forced labour concerns — set between 10% and 12.5% — would replace these temporary duties.
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