Sanctions bill would expand Trump tariff authority, adding policy uncertainty to trade outlook

A proposed sanctions bill would grant the president significantly expanded authority to impose tariffs, according to a report by The New York Times.

The legislation aims to broaden the executive branch's ability to use trade restrictions as a tool of foreign policy, potentially bypassing traditional congressional approval processes for specific trade measures.

The announcement would follow a temporary 10% global tariff that has already begun to reshape supply chain calculations and cost structures for multinational corporations.

The development arrives as markets are already bracing for a new round of tariffs.

The Financial Times reported earlier that President Donald Trump is preparing to unveil levies targeting dozens of nations as early as this week.

The announcement would follow a temporary 10% global tariff that has already begun to reshape supply chain calculations and cost structures for multinational corporations.

The proposed expansion of tariff powers adds a layer of structural uncertainty to the trade environment.