NET25::News::Trump prepares fresh tariffs on dozens of countries, FT reports

Fresh U.S. tariffs could hit dozens of countries as early as this week as the current temporary 10% global rate expires on Friday. Reports indicate initial duties will match current levels, but higher rates could be under consideration.

July 21 (Reuters) - U.S. President Donald Trump is poised to unleash fresh tariffs on dozens of countries as soon as this week, the Financial Times reported on Tuesday, with his temporary 10% global tariff scheduled to expire on Friday.

The FT said the most immediate new duties are expected to be on a par with the 10% tariffs currently in place, but the administration was also working on other investigations that could grant it the legal authority to propose higher duties.

Reuters could not immediately verify the report.

Posted by: Alma Angeles/NET25 News