US to make tariff announcement today as temporary 10% import duty nears expiry
US Trade Representative Jamieson Greer will announce the next phase of the administration's trade strategy today, coinciding with the expiry of a temporary 10% import tariff. This tariff, imposed after a Supreme Court ruling in February, is set to end on Friday, prompting the administration to prepare new duties targeting 60 economies over forced labor concerns. The proposed tariffs, ranging from 10% to 12.5%, aim to reinforce former President Trump's tariff agenda, though details on implementation remain unclear.