U.S. Trade Representative Jamieson Greer signaled on Tuesday that the Trump administration is preparing to impose a new round of tariffs, stating that investors and businesses should "expect to see some action soon." The comments, made during an appearance on CNBC's "Squawk Box," confirm earlier reports that the White House is moving quickly to replace expiring duties with fresh levies targeting dozens of countries.
The announcement adds to the pressure on global markets, which have been grappling with the prospect of renewed trade protectionism.
Greer's remarks come as a temporary 10% global tariff, previously imposed by the administration, is set to expire.
Greer's remarks come as a temporary 10% global tariff, previously imposed by the administration, is set to expire.
The administration's strategy appears to be replacing these temporary measures with more permanent, targeted tariffs, a move that could disrupt established trade flows and increase costs for importers.
This development follows reports from the Financial Times that President Donald Trump was preparing to unveil the new tariff structure as early as this week.
The timing suggests a coordinated effort to maintain leverage in trade negotiations while addressing domestic political pressures.