U.S. Commerce Consultant Jamieson Greer on Tuesday signaled one other spherical of President Donald Trump’s tariffs is on the best way, the most recent signal that the White Home is working to re-create the protectionist commerce agenda that suffered a significant blow earlier this 12 months.
“We count on to see some motion quickly,” Greer instructed CNBC’s “Squawk Field” when requested if new tariffs are forthcoming, in mild of a Monetary Occasions report Tuesday that extra duties might be introduced as quickly as this week.
“I can not actually specify a timeline proper now. I’ve accountability to temporary Congress and different stakeholders earlier than I actually reveal that sort of factor,” Greer famous, the day after the administration slapped tariffs on Canada. “However we do count on motion quickly.”
The feedback bolster commerce specialists’ views that the Trump administration, after failing to maintain its international “reciprocal” tariff regime intact, is poised to attempt to re-create its aggressive commerce coverage utilizing the remaining instruments at its disposal and pivoting to authorized justifications for brand spanking new duties that it expects to carry as much as court docket challenges.
The apparently forthcoming duties, introduced underneath Part 301 of the Commerce Act of 1974, have emerged as a key instrument for that challenge — they usually might show extra resilient than the 2025 tariffs that did not stand up to the U.S. authorized system.
“The expectation is continuity,” Blake Harden, a commerce coverage professional and managing director of Washington Council Ernst & Younger, instructed CNBC. “We’re actually seeing a re-creation of that international tariff, and 301 getting used as a strategy to lock that in.”
Trump’s momentary import levies that he imposed hours after the Supreme Court docket struck down his sweeping reciprocal tariff regime in February are set to lapse Friday.
Trump in February imposed a blanket 10% tariff underneath Part 122 of the 1974 commerce legislation. The Part 122 tariffs will expire at 12:01 a.m. ET on Friday until Congress intervenes, which it seems unlikely to do.
However the Trump administration has already taken steps to shore up its tariff regime as soon as the 122 duties finish.
In early June, the Workplace of the U.S. Commerce Consultant, or USTR, proposed extra tariffs of as much as 12.5% on imports from 60 economies. The brand new 301 duties could be imposed in response to alleged compelled labor points.
US Commerce Consultant Jamieson Greer talking on CNBC’s Squawk Field on July twenty first, 2026.
CNBC
“The U.S. has legal guidelines to ban buying and selling items with compelled labor,” Greer stated in Tuesday’s interview. “Different nations, most haven’t got a legislation. People who do do not actually implement it.”
Greer stated these proposed 301 tariffs would cowl “about 99% of our commerce.”
The USTR telegraphed its new strategy when it introduced its investigation into the 60 economies in mid-March, someday after unveiling a spate of separate 301 probes centered on attainable extra manufacturing capability issues.
The economies concerned in these commerce investigations are: China, the European Union, Singapore, Switzerland, Norway, Indonesia, Malaysia, Cambodia, Thailand, Korea, Vietnam, Taiwan, Bangladesh, Mexico, Japan and India.
Any extra tariffs would come on prime of different current commerce actions, together with slapping 25% tariffs on most imports from Brazil, which had been additionally introduced underneath Part 301 and are set to take impact Wednesday.
On Monday, Trump signed proclamations to impose staggering new 50% tariffs in 30 days on a spread of products from Canada, citing alleged commerce discrimination in opposition to a number of U.S. industries.
These tariffs — on Canadian wine and beer, hockey sticks, cement, canine leashes and lots of different merchandise — fall underneath Part 338 of the Tariff Act of 1930, a near-century-old authority that has hardly ever been invoked.
Canada, the U.S.’ second-largest buying and selling accomplice after Mexico, didn’t take the information nicely.
Canadian Prime Minister Mark Carney stated in an announcement Monday that Trump’s 50% tariffs immediately violate the North American commerce pact generally known as the USMCA.
Carney stated Tuesday that he and Trump spoke and agreed to accentuate commerce negotiations, whereas including that every one choices are on the desk if the U.S. follows by means of on the most recent tariffs risk, Reuters reported.
A slow-motion commerce ‘liberation day’?
Trump, a longtime advocate for utilizing tariffs to usher in income and shield U.S. financial pursuits, final 12 months applied an array of import duties that drove U.S. tariff charges to new trendy highs and stoked tit-for-tat commerce disputes with different nations, together with Canada and China.
The crown jewel of his protectionist agenda was “liberation day,” a plan to unilaterally impose individualized tariff charges on almost each different nation unexpectedly. Trump did simply that in early April 2025 — and triggered a sudden market panic, forcing him to place the tariffs on pause days later.
Over the next months, the administration repeatedly tweaked, reimposed and re-delayed these tariffs. Then, on Feb. 20, the Supreme Court docket struck them down completely, ruling that the legislation Trump invoked to implement the duties — the Worldwide Emergency Financial Powers Act, or IEEPA — didn’t truly authorize them.
The ruling was a colossal blow to Trump’s commerce agenda: IEEPA-related duties accounted for almost all of U.S. tariff income collected final 12 months.
However whereas the president raged in opposition to the ruling, he additionally steered that it left the door open for him to impose extra sturdy tariffs utilizing established authorities.
“Our Supreme Court docket has made these International locations very completely satisfied however, because the Court docket identified, I’ve absolutely the proper to cost TARIFFS in one other kind, and have already began to take action,” he wrote in a Fact Social publish on March 15, days after his administration launched the Part 301 probes.
Peter Harrell, visiting scholar at Georgetown Regulation Faculty’s Institute of Worldwide Financial Regulation, stated on LinkedIn that he expects the Trump administration will use its commerce powers “to ultimately restore a lot of the IEEPA tariff charges.”
Commerce specialists instructed CNBC that tariffs imposed following a compelled labor probe are more likely to final a very long time on account of their stronger authorized footing and the political threat that may include eliminating them.
“It is a lot tougher” for a future presidential administration “to roll again tariffs which are supposed to assist fight compelled labor,” Tiffany Smith, vp of worldwide commerce coverage on the Nationwide Overseas Commerce Council, stated. “I believe it’s a must to count on that the 301 tariffs are going to be rather more sturdy.”
Harden, of Washington Council Ernst & Younger, stated, “Politically, it is very laborious to stroll this stuff again as soon as they’re in place.”
