Trump administration preparing to announce 10% tariffs on dozens of countries this week as current tariffs expire.
Macro & Markets ·
President Trump plans to announce 10% tariffs targeting dozens of countries this week as existing tariffs reach expiration, according to the Financial Times. Trump's advisors have cautioned against the move, citing concerns that economic disruption could complicate midterm election prospects. The administration is simultaneously pursuing other investigations that could provide legal grounds for imposing higher tariff rates.