The U.S. President Donald Trump is poised to impose fresh levies on products from dozens of economies by Friday, according to people familiar with the matter, a move to ensure his tariff regime remains intact even after stopgap 10% global duties lapse.The Trump administration last month proposed new tariffs of at least 10% on 60 trading partners, citing what it said were lax forced-labor standards. The president’s team is preparing to impose duties by the week’s end, though it’s not clear if they’ll diverge from the initial proposal, said the people, who requested anonymity to discuss the plans before they’re public.Trump’s temporary charges are set to expire on Friday, and if the next round of levies are implemented by then, the White House would avoid any gap between the two. The plan is not final and could change.
Operations at the Port of Long Beach in Long Beach, California.
The president applied the across-the-board 10% rate after the Supreme Court struck down his previous global tariffs earlier this year.That duty was applied under Section 122 of the Trade Act, which allows the president to enact a 10% import surcharge for as many as 150 days to address balance-of-payments deficits. The US Court of International Trade also knocked down that tariff but limited relief only to the plaintiffs and left it broadly intact for other importers.
