With Trump’s 10% Duties Expiring, Trade Czar Says New Tariffs Expected ‘Soon’

The administration’s global 10 percent duties—which President Donald Trump imposed in the wake of the Supreme Court defeat of his 2025 “reciprocal” tariffs—will expire on Friday.

The tariffs were imposed under Section 122 of the Trade Act of 1974 as a means of addressing balance of payments issues, blanketing trading partners across the world in replacement duties as a stop-gap measure lasting just 150 days.

While the 10 percent tariffs, like the International Emergency Economic Powers Act (IEEPA) duties before them, were ultimately invalidated by the Court of International Trade, the federal government was granted a stay on the decision for the duration of the government’s appeal process. In the meantime, Customs and Border Protection has continued to collect Section 122 duties and will do so until they sunset on July 24.

Congress is unlikely to extend the tariffs—the only mechanism by which they can remain in place beyond Friday. But with knowledge that the clock was running down on the strategy, the administration has, in recent months, embarked on a pathway toward more durable duties using trade authorities that the president has leveraged in the past.

The Financial Times wrote Tuesday the administration is now preparing to unleash a “barrage” of new tariffs on dozens of U.S. trading partners as early as this week.

Responding to the report, United States Trade Representative Ambassador Jamieson Greer conceded that new import taxes justified using Section 301 of the Trade Act of 1974 were forthcoming. Asked by CNBC when they might be implemented, Greer said, “We expect to see some action soon,” though he clarified that he could not confirm a specific timeline and that he had a responsibility to brief Congress and other stakeholders before revealing a date publicly.

The Section 301 investigation into 60 countries under charges of failing to prohibit or effectively enforce bans on imports made with forced labor concluded in early June, and the USTR announced its intention to hit nearly all of those probed with duties ranging from 10 percent to 12.5 percent.

Greer said Tuesday that the action would cover about 99 percent of U.S. trade. “For years… the United States has had on the books this law where we prohibit the import of goods made in whole or in part with forced labor, and we enforce it rigorously. Other countries, most don’t have it; those that do don’t enforce it,” he said.

Greer’s office is also expected to announce the findings of a separate spate of investigations into 16 global economies over practices related to excess industrial capacity. These countries and trade blocs, including the European Union, stand accused of maintaining production capacity that exceeds their domestic needs and that of their global trade partners, effectively flooding the market with government-subsidized wares that stand to undercut goods produced by American makers.

The administration has also targeted individual countries based on “unfair” or “non-market” trade practices.

Brazil, for example, was hit with 25 percent duties on the bulk of its exports to the U.S. market last week—despite the U.S. maintaining a massive and persistent trade surplus with the South American nation. The result of a different Section 301 investigation that began in 2025, the tariffs address a range of policies and actions that the Trump administration has said create a detrimental environment for America’s digital services companies and exporters.

Rather than retaliating outright, the country’s government said it planned to strategically assess the situation before responding with its own trade measures. 

And on Monday, the administration trotted out a never-before-used statute—Section 338 of the Tariff Act of 1830—to justify 50 percent duties on Canadian goods, even those that qualify for free trade under the U.S.-Mexico-Canada Agreement. Nonplussed by the “violation” of the trilateral truce, Prime Minister Mark Carney said Canada planned to aggressively pursue conversations with the U.S. to devise a resolution before the duties are implemented on Aug. 19.