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U.S. Announces New Tariffs to Replace Expiring Global Levy
Photo: nationalpost
2026-07-22 06:46   Trade   10

U.S. Announces New Tariffs to Replace Expiring Global Levy

The United States is preparing to implement new tariffs targeting over 60 trading partners, replacing the temporary 10% global levy imposed by President Donald Trump.These new tariffs, ranging between 10% and 12.5%, are ostensibly aimed at addressing forced labor concerns in international trade.Trade envoy Jamieson Greer confirmed that the U.S.will act soon to replace the expiring duties, which were initially introduced after a Supreme Court ruling struck down previous tariffs.The new measures are expected to cover the majority of U.S.trade and could intensify tensions with key partners like the European Union, China, Taiwan, Vietnam, and Japan.Analysts note that these tariffs may also serve as leverage in ongoing negotiations for the Canada-U.S.-Mexico Agreement (CUSMA), with Canada facing a 50% tariff on many products starting August 19.While the U.S.aims to rebuild its trade agenda, critics argue the policies risk escalating trade conflicts and retaliatory measures from affected nations.

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