U.S. President Donald Trump is preparing to impose new import tariffs on dozens of countries later this week. The move could reshape global trade as temporary tariff measures approach their expiration.
According to a British media report, new duties could take effect after the temporary 10 percent global tariff expires on Friday. Initially, most countries are expected to remain subject to the existing 10 percent rate.
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Meanwhile, the Trump administration is preparing a legal framework to introduce higher tariff rates in the future. The effort follows ongoing legal disputes over the president’s authority to impose import duties.
Additionally, the administration recently announced a 50 percent tariff on Canadian vehicles and other goods. The new duties are scheduled to take effect next month.
Earlier this year, the U.S. Supreme Court ruled that Trump’s permanent tariff policy under the International Emergency Economic Powers Act was unconstitutional. The court said Congress had not granted the president authority to impose tariffs under that law.
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Following the ruling, Trump invoked Section 122 of U.S. trade law to impose a temporary 15 percent global tariff. However, that provision allows such measures for only 150 days.
The temporary authority under Section 122 is due to expire on July 24, 2026. Markets and trading partners are now awaiting details of the administration’s next tariff announcement.