PANews reported on July 21, citing the Financial Times, that U.S. President Donald Trump is preparing to impose new tariffs on dozens of countries as early as this week. The report said the 10% temporary global tariff previously put in place is set to expire on Friday, July 24. The most immediate new tariff rate is expected to match the current 10% level, according to the Financial Times. At the same time, the U.S. government is conducting other investigations that could give it legal authority to propose higher tariff rates. The report did not provide further details on the countries involved or on the scope of any higher tariffs under those investigations.
PANews reported on July 21, citing the Financial Times, that U.S. President Donald Trump is preparing to impose new tariffs on dozens of countries as early as this week. The 10% temporary global tariff introduced earlier is due to expire on Friday, July 24.
The Financial Times said the most immediate new tariffs are expected to be in line with the current 10% rate.
Other investigations could support higher rates
The report also said the administration is carrying out other investigations that could give it legal authority to propose higher tariffs.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
