The White House announced that U.S. Trade Representative Jamieson Greer will unveil the Trump administration’s next tariff plan on Thursday (23rd), introducing a replacement for the global 10% base tariff set to expire on Friday (24th).

White House spokesperson Karoline Leavitt stated during a press briefing that Greer would soon release related information but declined to preview the details, urging the public to await further announcements.

After the U.S. Supreme Court ruled that President Trump’s invocation of the International Emergency Economic Powers Act (IEEPA) to impose global tariffs was invalid, the Trump administration shifted to Section 122 of the Trade Act, imposing a 10% base tariff on nearly all imported goods.

However, Section 122 is limited to temporary measures, with a maximum duration of 150 days, and will formally expire on Friday. To prevent a gap in tariff enforcement, the Trump administration has initiated other trade investigations under Section 301 of the Trade Act, preparing new tariffs to replace the current 10% rate.

One investigation focuses on forced labor issues across dozens of economies. According to sources, the Trump administration is preparing to impose new tariffs on certain imported goods by Friday at the latest, using the findings of this investigation as justification—ensuring a seamless transition between old and new measures.

Another investigation targets foreign industrial overcapacity, but Greer previously indicated that this probe requires more time to complete. This suggests the Trump administration may initially rely on the forced labor investigation as a new legal basis to maintain broad tariff pressure, before introducing additional measures based on the overcapacity findings.

The plan to be announced by Greer will determine whether the global 10% base tariff continues in another form and will significantly influence how major U.S. trading partners and global markets anticipate the next wave of tariff actions.

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  • Source: PR Times
  • Category: News