U.S. President Donald Trump is preparing to unveil a new round of tariffs targeting dozens of nations as early as this week, according to a report by the Financial Times.
The announcement comes as a temporary 10% global tariff is scheduled to expire on Friday, creating a narrow window for the administration to replace the existing measure with a more permanent or expanded framework.
The prospect of renewed trade barriers has triggered volatility across global equity and currency markets.
Investors are reassessing exposure to export-heavy economies and supply chains that could be directly impacted by the new levies.
The timing of the announcement, coinciding with the expiration of the current temporary tariff, suggests the White House is moving to maintain pressure on trading partners while potentially broadening the scope of its trade policy.
This development adds to a series of escalating trade tensions under the Trump administration.