The 90-day breather is almost over, and it looks like the hangover is going to be rough.
President Trump is preparing to impose new tariffs on dozens of countries as early as this week, according to the Financial Times. The move comes as the temporary 10% global tariff is set to expire on July 24, 2026.
What we know so far
The new tariffs are expected to start at a baseline rate of around 10%, roughly matching the temporary levy that’s about to sunset. Ongoing investigations under Section 301 and Section 232 of US trade law could provide the legal framework for steeper tariffs on specific countries or product categories.
Just days ago, the US slapped 50% tariffs on most Canadian goods. No specific country lists or detailed tariff schedules have been released publicly.
