Financial Times: Trump will restart a 10% tariff! Disagreement erupts inside the White House, fearing a repeat of economic shocks

Global trade war fears may flare up again! Citing a breaking report from the Financial Times, the well-known financial commentator account The Kobeissi Letter says US President Donald Trump is preparing to announce a 10% tariff on “dozens of countries” this week. The move has sparked strong concerns within the White House advisory team, who fear that, on the eve of the key midterm elections, it will repeat the trade war and deal a severe blow to the overall economy.
(Background recap: Trump unleashes a “100% tariff” nuclear bomb! Warns countries: if you levy digital taxes on US companies, you will tear up all trade agreements)
(Background update: Europe-China trade deficit breaks 400 billion euros: Macron proposes an “EU-style reciprocal tariff” to respond to China’s low-price dumping of goods)

As the US midterm election approaches, global markets may again face severe turbulence driven by trade protectionism. On July 21, 2026 Taipei time, according to real-time updates cited by The Kobeissi Letter, a highly influential financial commentary account, US President Donald Trump plans to announce a major trade-tariff policy this week.

BREAKING: President Trump is preparing to announce 10% tariffs on "dozens of countries" this week, per FT.

Details include:

1. These new tariffs come as President Trump's current 10% tariffs expire later this week

2. President Trump's advisors have reportedly warned him…

— The Kobeissi Letter (@KobeissiLetter) July 21, 2026

Targets dozens of countries—new tariffs to be loaded this week

The report says the Trump administration is preparing to impose a comprehensive 10% tariff on “dozens of countries.” The sudden move is not without basis—the key reason is that the current 10% tariff policy Trump is running is set to expire later this week, so the announcement of a new round of tariffs is seen by the market as a crucial step to continue its tough stance on trade.

Advisors urge urgent restraint! Worry about unleashing an economic backlash that could hurt election prospects

However, this aggressive tariff plan has triggered considerable backlash and concerns inside the White House. It is said that Trump’s advisory team has already issued a stern warning to him, strongly urging him not to restart broad tariff measures at this moment. The advisors’ main concern is that, ahead of the key 2026 midterm elections, acting rashly could repeat the economic shocks of the trade war from years past, thereby backfiring on US domestic election prospects and the stability of the overall economy.

Despite the internal noise, Trump’s hardline approach appears not to have wavered. A post from The Kobeissi Letter further reveals that, in addition to this wave of 10% tariffs, the Trump administration is also pushing other related investigations, attempting to use them as a legal basis to grant the administrative team legitimate authority to propose “higher tariffs” in the future. This means that, in the short term, global supply chains and financial markets may face additional tariff shocks coming from Washington.