The sweeping new tariff would range from 10% to 12.5%.

The Financial Times reported Tuesday Trump is preparing to impose new levies to replace the 10% global tariffs that expire Friday.

Trump is steadfast on fresh tariffs. What route US President is likely to take on curbing imports

Analysts expect planned tariffs over forced labour concerns to replace Trump's 10 per cent global duty.

Trump plans 10-12.5pc duties on 60 countries over forced labour

Donald Trump is likely planning new import duties on many nations by Friday. These levies aim to continue his tariff regime after current ones expire. The administration…