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New tariffs expected on 60 economies from the White House

8 sourcesFirst reported 6 hours agoUpdated 1 hour ago

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The White House is preparing to announce new tariffs affecting approximately 60 countries.
Jamieson Greer, the U.S. Trade Representative, indicated the announcement is expected soon during an interview with CNBC.
The anticipated tariffs are reported to range from 10% to 12.5%.
These new tariffs will replace an existing 10% general tariff that is set to expire.
U.S. authorities have begun investigations in relation to the implementation of these tariffs.

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A U.S. official has announced that the Biden administration is preparing to impose new tariffs affecting approximately 60 countries. Jamison Greer, the U.S. Trade Representative, disclosed this information in an interview with CNBC, indicating that the announcement will be made "soon." These tariffs are expected to replace the existing temporary tariffs of 10% that are currently applied to imports from these economies.

The new tariffs, which may be between 10% and 12.5%, are part of an ongoing strategy to address trade issues. Reports suggest that U.S. officials have been working on alternative plans as the temporary tariffs are set to expire shortly. The administration's announcement is drawing attention, particularly with speculation about potential impacts on major trading partners, including the European Union. Further details are anticipated as the administration finalizes its plans.

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New tariffs expected on 60 economies from the White House

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