Jamieson Greer signals new tariffs as 10% global duties expire

U.S. Trade Representative Jamieson Greer signaled that the administration expects to implement new import duties soon. This shift comes as the current temporary 10% global tariff, which originated under Section 122 of the Trade Act of 1974, is scheduled to lapse this Friday at 12:01 a.m. ET.

The White House is preparing a replacement strategy utilizing Section 301 trade authority. Officials previously proposed tariffs reaching 12.5% on imports from 60 economies. These potential measures target trade practices linked to forced labor. The Office of the United States Trade Representative indicates these rules would apply to approximately 99% of American trade.

The administration continues to adjust its broader trade policy. Recent actions include a 25% tariff on most imports from Brazil, citing concerns over intellectual property and digital trade. Additionally, new 50% tariffs on specific Canadian goods like motor vehicles, alcohol, and dairy products will take effect on August 19. These actions reflect an ongoing effort to restructure trade relationships across various sectors.

While Greer noted that the government must fulfill requirements to brief Congress before any formal announcement, the administration remains focused on this transition. Reports suggest that initial upcoming tariffs will likely align with the current 10% rate while officials gather legal evidence to support higher duties in future proceedings.