Trump administration to unveil latest stage of aggressive trade policy

Donald Trump during an event to promote ‘Trump accounts’ at Wheeler high school in Marietta, Georgia, on Wednesday. Photograph: Bloomberg/Getty ImagesView image in fullscreenDonald Trump during an event to promote ‘Trump accounts’ at Wheeler high school in Marietta, Georgia, on Wednesday. Photograph: Bloomberg/Getty ImagesTrump administrationTrump administration to unveil latest stage of aggressive trade policy

US president is reportedly preparing fresh wave of sweeping tariffs as previous 10% on much of the world is due to expire

Prefer the Guardian on Google

Donald Trump’s administration will unveil the latest stage of his aggressive trade policy on Thursday, the White House has said, amid reports the US president is preparing a fresh wave of sweeping tariffs.

Trump’s tariffs policy suffered a damaging blow in February when the US supreme court ruled that many of those tariffs were illegal. While the US replaced those tariffs with a 10% tariff regime on much of the world, these are due to expire on Friday.

Asked about Trump’s plan on Thursday, White House press secretary Karoline Leavitt said Jamieson Greer, the US trade representative, would announce next steps “later today”.

Read more

“I don’t want to get ahead of him, so I would just tell you to stay tuned for more details,” added Leavitt.

Trump and his officials have claimed his controversial trade agenda will help revitalize US industrial heartlands and boost jobs. But critics have warned his sweeping tariffs risk increasing prices nationwide.

US inflation surged to a three-year high earlier this year. During a heated exchange before US senators on Wednesday, however, Greer appeared to claim Trump’s policies had not driven prices higher.

Asked by the Democratic senator Elizabeth Warren if the tariffs had increased prices for American families, Greer said: “No.”

“Core inflation fell to 2.6% year on year, much better than in January 2025,” he added. Core inflation excludes food and energy. Overall inflation is slightly higher than it was when Joe Biden left office.

More details soon …