The Trump administration has announced a new round of tariffs targeting dozens of countries, effective immediately as a previous set of levies expires.
The move represents a significant escalation in US trade policy, replacing temporary measures with a broader framework of import duties.
The previous round included a temporary 10% global tariff, which has now been superseded by the new measures.
Markets are digesting the implications of the renewed trade barriers, which are expected to increase costs for imported goods and potentially trigger retaliatory measures from affected nations.
The timing of the announcement, coinciding with the expiration of prior tariffs, suggests a deliberate strategy to maintain pressure on trading partners while avoiding a lapse in enforcement.
This development follows earlier reports that the administration was preparing to unveil new tariffs as early as this week.
The previous round included a temporary 10% global tariff, which has now been superseded by the new measures.