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US readies new tariffs as Trump's 10% global levy set to expire
🇯🇲 Jamaica /Economy & Trade

US readies new tariffs as Trump's 10% global levy set to expire

From Jamaica Observer · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • The US is preparing to impose new tariffs on approximately 60 trading partners, targeting their alleged failure to act against forced labor.
  • These new duties, expected to range from 10% to 12.5%, will replace temporary global levies set to expire this week.
  • The move signals a renewed push by the US to use tariffs as leverage, potentially reigniting trade tensions and sparking fears of retaliation.

The United States is poised to introduce a new wave of tariffs targeting around 60 countries, signaling a significant shift in its trade policy under President Donald Trump. Trade envoy Jamieson Greer indicated that action is imminent, with the new duties set to replace temporary global levies that expire this week. These measures are specifically aimed at countries accused of not adequately addressing forced labor practices within their trade relationships with the US.

We expect to see some action soon.

— Jamieson GreerResponding to a question about whether new duties were incoming.

Analysts anticipate these new tariffs, likely set between 10 percent and 12.5 percent, will supersede the expiring 10 percent global duty imposed earlier this year after legal setbacks. This move represents a renewed effort by the Trump administration to leverage tariffs as a tool to influence international trade partners, raising concerns about potential retaliatory actions and escalating diplomatic tensions.

We expect to see some action soon.

— Jamieson GreerResponding to a question about whether new duties were incoming.

Recent actions suggest a broader application of this strategy. Washington recently imposed a 25 percent duty on certain Brazilian goods and announced a 50 percent levy on many Canadian products, set to take effect in 30 days. Additionally, Trump announced a substantial 100 percent tariff on imported generic drugs, with plans to increase it to 200 percent by 2029, although a temporary reduction to zero is planned for August 2026 to encourage domestic pharmaceutical production.

We expect to see some action soon.

— Jamieson GreerResponding to a question about whether new duties were incoming.

Greer stated that the upcoming actions concerning forced labor will encompass the majority of US trade. A 10 percent tariff rate could affect imports from partners including Canada, the European Union, Mexico, Taiwan, and the United Kingdom, while goods from over 40 other major economies like China, India, and Japan could face a 12.5 percent levy. The EU has previously declared such tariffs "unjustified."

We expect to see some action soon.

— Jamieson GreerResponding to a question about whether new duties were incoming.
DistantNews Editorial

Originally published by Jamaica Observer in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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