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    Home»Technology»US trade envoy to make tariff announcement Thursday: White House
    Technology

    US trade envoy to make tariff announcement Thursday: White House

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    Key takeaways by Insider Paper

    • US Trade Representative Jamieson Greer to announce tariff decision Thursday, White House says.
    • Announcement arrives hours before temporary 10 percent global tariff expires Friday after 150 day limit.
    • Administration has drafted new duties targeting 60 economies over forced labor, rates proposed at 10 to 12.5 percent.
    • Measures follow Supreme Court reversal of earlier tariffs and are described by officials as more durable than previous duties.

    US Trade Representative Jamieson Greer is set to make an announcement on tariffs later Thursday, the White House said, hours before President Donald Trump’s 10-percent global tariff is due to expire.

    Asked about the upcoming deadline, White House Press Secretary Karoline Leavitt told reporters that an announcement would come “very soon, later today.”

    “I would just tell you to stay tuned for more details,” she said at a press briefing.

    After the Supreme Court struck down a host of Trump’s tariffs in February, the US leader swiftly replaced the blocked duties with a temporary 10 percent levy on imports.

    But this duty can only last 150 days, meaning that it expires Friday.

    The Trump administration has since prepared a volley of new duties targeting 60 economies over what it has deemed forced labor concerns, moving to rebuild the president’s tariff wall.

    But officials have yet to set out a timeline for the imposition of the duties, set between 10 percent and 12.5 percent.

    These measures were proposed after a months-long investigation and are considered more durable than earlier ones.

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