Latest development3 months ago
U.S. Trade Rep to Announce Section 122 Tariff Decisions
Jamieson Greer is set to announce trade policy updates as current 10% blanket duties approach their expiration date.
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President Trump is rushing to implement new tariffs by a July 24 deadline after the Supreme Court invalidated previous emergency-powers import taxes, leading to massive refunds. In response, Trump offered to reduce aluminum tariffs for companies that commit to building manufacturing facilities within the U.S. Furthermore, he announced a two-year 0% tariff exemption for generic drugs starting August 1, after which rates will sharply increase to 100% and eventually 200%.
Jamieson Greer is set to announce trade policy updates as current 10% blanket duties approach their expiration date.
Read the full storyPresident Trump announced a 0% tariff on imported generic drugs starting August 1, followed by phased increases to 100% and 200%.
The U.S. President proposes tariff reductions for companies committing to domestic production to boost industrial capacity.
The administration is shifting to a forced-labor legal framework to justify new tariffs by July 24 after the Supreme Court invalidated previous emergency taxes.