Trump Prepares New Tariff Push as Previous 150 Day Trade Measures Expire

The Trump administration is preparing to introduce a new round of tariffs this week, aiming to keep its trade agenda in place as the temporary 150-day tariffs imposed under Section 122 of the Trade Act of 1974 near expiration.
Key points:
• The administration is expected to rely on Section 301 of the Trade Act of 1974, replacing the expiring Section 122 authority.
• U.S. Trade Representative Jamieson Greer recommended tariffs ranging from 10% to 12.5% on around 60 trading partners, citing concerns over forced labor enforcement.
• Officials say the proposed measures could cover 99% of U.S. trade with those countries, although the final implementation timeline has not been announced.
• Economists argue the forced labor justification may face legal challenges, with some expecting lawsuits from importers if the tariffs move forward.
• Markets have remained relatively calm so far, as investors believe negotiations, exemptions, and delayed implementation could reduce the immediate economic impact.
• The latest announcement follows the administration's recent decision to impose 50% tariffs on certain Canadian goods, signaling that trade policy remains a major focus.
While new tariff headlines often create short term volatility, analysts note that investors are waiting for the final legal framework and actual implementation before making major portfolio adjustments. For now, markets appear cautious rather than panicked, with attention shifting toward whether these proposed tariffs survive legal scrutiny and how U.S. trading partners respond
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