Donald Trump's administration is preparing for a new phase of the trade war. This week, the US president may announce tariffs on imports from 60 countries. According to the Financial Times, citing informed sources, the new tariff rates will be between 10-12.5%.
These measures are set to take effect after the expiration of the current 10% tariff. Officials have already prepared several scenarios for the president's further actions.
The legal basis for the new restrictions could stem from an investigation that began in March this year regarding the alleged use of forced labor. This approach, as noted in the article, would allow Trump's team to circumvent restrictions imposed by the Supreme Court, which came into effect after the president previously canceled the import tariffs.
According to FT's sources, the initial rates will be comparable to the existing 10% tariff. Meanwhile, the president's team is conducting other trade investigations, which may later provide grounds for imposing significantly higher tariffs.
