Donald Trump Eyes Fresh Tariffs on Dozens of Countries as 10% Duties Near Expiry

TLDR

• Trump is preparing new tariffs on as many as 60 countries.
• The current temporary 10% global tariff expires on Friday.
• New duties could range from 10% to 12.5% under a Section 301 probe.
• The administration is reviewing forced labor controls across global supply chains.
• Canada separately faces 50% tariffs on about $20 billion of imports.

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President Donald Trump is preparing a new tariff push covering dozens of countries as the current temporary 10% global duty nears its Friday deadline.

Donald Trump Prepares New Tariff Push

Trump is reportedly considering fresh tariffs on as many as 60 countries this week. The move would come before the temporary 10% global tariff expires on Friday.

The most immediate duties are expected to remain close to the current 10% level. Some countries could face tariffs between 10% and 12.5%, depending on the legal route used by the administration.

TRUMP PREPARES NEW ROUND OF TARIFFS

President Donald Trump is reportedly preparing a new round of tariffs on dozens of countries ahead of the expiration of the current 10% global tariff this week. According to the Financial Times, the administration is considering keeping the…

— *Walter Bloomberg (@DeItaone) July 21, 2026

The administration is working through a Section 301 investigation tied to forced labor practices. That process could give officials a new legal basis for tariffs after earlier emergency powers faced court limits.

The investigation reportedly covers major trading partners, including China, the European Union, Japan, India, South Korea, Mexico, Taiwan, Vietnam, and others. Officials are reviewing whether countries properly block goods linked to forced labor from their supply chains.

Legal Strategy Shifts After Court Ruling

The planned tariffs would replace the temporary global duties imposed after Trump’s earlier tariff powers were limited. The Supreme Court ruled in February that the administration could not use emergency powers for sweeping reciprocal tariffs.

The new approach uses narrower trade investigations instead of one broad emergency order. That route may allow the White House to apply tariffs in stages while building a stronger legal record.

Countries with partial forced labor bans could face a 10% duty. Other countries could face a 12.5% tariff if investigators find weaker supply-chain controls.

Advisers have reportedly urged Trump to avoid sudden moves that could unsettle markets before the midterm elections. Some officials also want to preserve trade agreements reached with partners last year.

Gasoline prices and Middle East tensions have added pressure to the trade debate. Higher tariffs could raise cost concerns at a time when investors are already watching energy prices and inflation risks.

Canada Faces Separate 50% Tariff

Trump also announced a separate 50% tariff on certain Canadian goods this week. The duties cover about $20 billion of imports and are expected to take effect in 30 days.

The Canadian tariff order targets products including alcohol, dairy goods, construction materials, clothing, furniture, technology products, and auto parts. Energy, potash, critical minerals, fish, and some steel-related goods are excluded.

The White House said the tariffs respond to what it called Canada’s “discrimination” against American motor vehicles and auto parts. Officials argued that Canadian trade measures had hurt U.S. farmers, manufacturers, and workers.

Canadian Prime Minister Mark Carney said his government would defend Canadian workers and businesses. Ontario Premier Doug Ford urged Ottawa to respond “tariff for tariff, dollar for dollar.”

The Canadian dollar and bond market showed limited movement after the announcement. Toronto stock futures rose slightly after the market had closed at a 12-day low earlier.

Trade Tensions Add Market Risk

The tariff plans add another layer of uncertainty for companies exposed to global supply chains. Importers, retailers, manufacturers, and exporters may face higher costs if the duties take effect.

Trump has argued that tariffs protect American manufacturing and encourage companies to produce more goods in the United States. Critics have warned that broader duties can raise prices for consumers and businesses.

The administration has eased some earlier proposals by exempting key consumer products and some steel- and aluminum-related goods. However, officials continue to pursue broader trade actions through multiple investigations.

The next deadline comes Friday, when the current 10% global tariff is set to expire. A new announcement before then could define the next stage of Trump’s trade policy and set the tone for talks with major partners.