Trump administration preparing new round of tariffs for dozens of countries
The White House outlines new tariffs as temporary tariffs expire and trade tensions grow with its main partners
Donald Trump's administration is preparing a new trade offensive with the imposition of tariffs on dozens of countries, a measure that could be announced in the coming days as part of a strategy to strengthen its trade policy and toughen actions against imports linked to forced labor.
The announcement was anticipated this Tuesday by the United States Trade Representative, Jamieson Greer, who avoided specifying the date on which the new taxes would come into force, although he confirmed that the decision is close.
“We hope there will be news soon,” Greer declared in an interview with CNBC, when asked about information from the Financial Times that indicates that the White House could announce a new round of tariffs this week.
The official explained that before making the details public, he must comply with the notification process to Congress and the parties involved.
The new trade strategy comes a few days before the temporary tariffs imposed on February 24 expire, after the United States Supreme Court invalidated the general levies that Trump had previously decreed, considering that they exceeded the presidential powers provided for in the emergency legislation. Faced with this judicial setback, the administration began to design a new mechanism based on Section 301 of the Trade Law of 1974, which allows trade measures to be imposed following investigations into practices considered unfair.
Greer indicated that the Government maintains investigations into products from around 60 countries for alleged violations related to forced labor.
“We hope to take measures soon,” reiterated the trade representative, who pointed out that, if these practices are confirmed, the United States will use the tools provided in its legislation to restrict the entry of these goods.
According to the Financial Times, the new tariffs could be between 10% and 12.5% and would reach economies in Asia, Europe and Latin America, although the administration has not yet released the final list of affected countries. Brazil was the first country subject to this new strategy last week, when Washington imposed 25% tariffs on various Brazilian products.
The new trade offensive adds to another decision announced on Monday by Trump: a 50% tariff on most products imported from Canada, with exceptions for energy, potash, critical minerals and fishing products. The president justified the measure by arguing the effects of the smoke caused by the forest fires in Canadian provinces on several regions of the northeast of the United States, an explanation that generated criticism from specialists and the Canadian government.
Analysts consider that the strategy reflects the White House's attempt to maintain tariffs as one of the main tools of economic and trade policy, despite the limits imposed by the courts and warnings from economists about a possible impact on consumer prices and global supply chains. In addition, they anticipate that the new measures could face legal challenges similar to those that led to the cancellation of the previous levies.
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