White House trails announcement on tariffs amid reports of new duties
Summary
The White House will announce new steps on tariffs as current US import duties, introduced by President Donald Trump, are set to expire. Officials said trade representative Jamieson Greer will share details soon, and there are mixed views on the tariffs’ impact on prices and the economy.Key Facts
- President Donald Trump's administration plans to reveal new actions on tariffs on Thursday.
- Many previous tariffs were ruled illegal by the US Supreme Court in February.
- A 10% tariff on many goods replaced the struck-down tariffs, but these expire on Friday.
- White House press secretary Karoline Leavitt said trade representative Jamieson Greer will announce next steps.
- Trump’s team says tariffs help revive US manufacturing and create jobs.
- Critics warn tariffs could raise prices across the country.
- Inflation reached a three-year high earlier this year.
- Trade representative Greer told senators tariffs did not cause price increases, pointing to falling core inflation (which excludes food and energy).
- Overall inflation is still higher compared to when President Biden left office.
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