Trump Administration Prepares New Tariffs as Existing Levies Expire

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Trump Administration Prepares New Tariffs as Existing Levies Expire

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The Trump administration is reportedly preparing to impose a new round of tariffs on numerous countries as a temporary 10% global tariff approaches its expiration on July 24, 2026. These expiring tariffs were enacted under Section 122 of the Trade Act of 1974, an authority that allows for temporary levies up to 15% for 150 days to address balance-of-payments deficits. Congressional action would be required to extend these Section 122 tariffs, but no such action has been taken.

This move to implement new tariffs follows a significant Supreme Court decision on February 20, 2026. The Court ruled that the Trump administration had exceeded its authority by using the International Emergency Economic Powers Act (IEEPA) to impose broad “reciprocal” tariffs globally, as well as duties aimed at addressing fentanyl trafficking. The IEEPA-based tariffs, which included a baseline levy of at least 10% on imports from most U.S. trading partners and higher country-specific rates, were initially announced on April 2, 2025. The Supreme Court’s decision necessitated the administration to find alternative legal grounds for its tariff policies, leading to the use of Section 122.

Reports indicate that the initial wave of new duties is expected to maintain a rate broadly consistent with the current 10% tariff. However, administration officials are also conducting separate investigations, such as one focusing on forced labor in global supply chains, which could provide a legal basis for imposing higher tariffs on specific trading partners. For example, one investigation recommends a 10% tariff on imports from 14 countries and the European Union, with another 45 countries, including China, potentially facing 1

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