The Trump administration will unveil the next phase of its trade policy on Thursday, the White House announced, as reports indicate the president is preparing a new round of comprehensive tariffs.
In February, the Trump administration’s tariff program faced a setback when the U.S. Supreme Court ruled that many of the measures were unlawful. Although the United States subsequently instituted a 10 % tariff on a broad range of imports, those duties are scheduled to lapse on Friday.
When questioned about the plan on Thursday, White House press secretary Karoline Leavitt said that Trade Representative Jamieson Greer would disclose further details later that day.
“I don’t want to get ahead of him, so I would just tell you to stay tuned for more details,” Leavitt added.
Trump and his aidesassert that the contentious trade agenda will reinvigorate U.S. industrial regions and create jobs. Nevertheless, critics caution that the proposed sweeping tariffs could elevate consumer prices across the country.
U.S. inflation climbed to a three‑year peak earlier this year. During a contentious hearing before Senate members on Wednesday, however, Greer suggested that Trump’s policies had not contributed to higher price levels.
When pressed by Senator Elizabeth Warren about whether tariffs had raised costs for American families, Greer responded, “No.”
Further details are forthcoming.
Also Read
- US-Saudi nuclear deal: How will it impact Middle East, US-Iran war?
- Equities Slip as Oil Prices Surge and Alphabet’s AI Spending Raises Concerns
- New Visa Restriction Policy to Deter and Dismantle Cyberscams and Sextortion
- Saudi Arabia’s Nuclear Gambit: From Energy Sovereignty to Civilizational Renewal