The U.S. president may impose new tariffs on dozens of countries this week — FT

U.S. President Donald Trump may impose new tariffs on dozens of countries as early as this week, sources told the Financial Times. On Friday, July 24, some of the existing 10% import tariffs are set to expire, and according to the newspaper’s sources, the administration has prepared new options.

U.S. Trade Representative Jamison Greer essentially confirmed this. “We expect certain actions to be taken in the near future,” he said on CNBC when asked whether another round of tariffs was indeed on the agenda. He declined to provide a timeline or any other details.

The White House and the Office of the U.S. Trade Representative did not respond to the FT's request for comment.

The new tariffs are expected to be roughly in line with the current 10% rate, but the White House is also exploring the grounds for imposing higher rates, the publication reports. At the same time, Trump’s advisers have warned him that resuming a large-scale trade war could deal a blow to the economy ahead of the midterm congressional elections, the Financial Times reports.

On Monday, the U.S. president announced the imposition of 50 percent tariffs on goods from Canada, and had previously imposed a 25 percent tariff on imports from Brazil.

This article was AI-translated and verified by a human editor