U.S. President Donald Trump is preparing to roll out new tariffs on dozens of nations as early as this week, according to a report by the Financial Times. The move coincides with the scheduled expiration of the administration’s temporary 10% global baseline tariff on Friday.
While the initial round of new duties is expected to match the current 10% rate, the administration is reportedly pursuing additional legal investigations that could allow it to impose significantly higher tariffs in the future. Reuters noted that it was unable to immediately verify the details of the Financial Times report.
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