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US readies new tariffs as Trump's 10% global levy to expire

Trump on Tuesday announced a new 100 per cent tariff on imported generic drugs to take effect from August 2028.

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WASHINGTON: The United States is set to impose new tariffs that could hit dozens of countries soon, trade envoy Jamieson Greer signalled on Tuesday (Jul 21), with President Donald Trump's temporary global levies due to expire this week.

The Trump administration has prepared fresh tariffs targeting 60 trading partners over their alleged failures to act against forced labor, as officials push to rebuild the US leader's trade agenda after legal setbacks.

"We expect to see some action soon," Greer told CNBC when asked if new duties were incoming.

Trump imposed a 10 per cent global duty this year after a swath of his tariffs were struck down by the Supreme Court in February, but this levy expires on Friday.

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