The United States plans to impose new tariffs before Friday, continuing the expiring 10% temporary global tariffs.

According to informed sources, US President Donald Trump is preparing to impose new tariffs on products from dozens of economies before Friday, in order to ensure that his tariff system can be maintained after the temporary 10% global tariff expires. It is reported that the new round of tariffs will be between 10% and 12.5%. The Trump administration proposed last month to impose new tariffs of at least 10% on 60 trading partners, citing loopholes in their enforcement of labor standards. Informed sources revealed that the Trump team is preparing to implement the tariffs before the weekend, but it is currently unclear whether the final plan will deviate from the initial proposal. Trump's temporary tariffs are set to expire on Friday, and if the new round of tariffs is implemented by then, the White House will be able to avoid any gaps between them. The plan is not yet finalized and could still be subject to change. Earlier this year, the US Supreme Court rejected Trump's previous global tariff policy, leading Trump to implement a 10% global tariff. The tariff is implemented under Section 122 of the US Trade Act, which authorizes the President to impose a 10% import surcharge to address the problem of international balance of payments for up to 150 days. The US International Trade Court also rejected the tariff, but relief only applies to the plaintiffs, while other importers are still subject to the tariff. As the November midterm elections approach, Trump is ramping up his tariff policy. Reportedly, with the November midterm elections approaching, Trump's latest proposal will solidify his tariff commitment, despite concerns from voters about rising living costs. Critics argue that import taxes will raise the prices of consumer goods, but Trump and other top officials insist that tariffs are necessary to rebuild America's manufacturing strength and protect domestic industries. This week, the US government has pledged to impose a 50% tariff on many Canadian goods, escalating a long-standing trade war between the two countries. Last week, the US imposed a 25% tariff on many Brazilian goods. According to a proposal from the US Trade Representative's Office to address forced labor used in the production of imported goods, products from dozens of economies such as Canada, Mexico, the EU will be subject to a 10% tariff. Goods imported from major economies such as China, India, and Japan to the US will be subject to a 12.5% tariff. US Trade Representative Jamie Gell said on Tuesday that the US government expects to impose a 10% to 12.5% tariff on 60 countries and regions under Section 301 of the 1974 Trade Act in the name of "forced labor" to replace the expiring 10% global import tariff. Gell said: "We expect some action soon. I cannot provide a specific timetable at the moment - I have a responsibility to report to Congress and other stakeholders before officially disclosing this information. But we do expect action on this front soon." However, another independent investigation into excess production capacity that could trigger a series of tariffs is not expected to be implemented before Friday. US government officials recently stated that the relevant procedures are still ongoing. The proposed tariff scheme will need to go through a formal consultation period and hearings before it can take effect. This means that Trump's emergency tariffs will take some time to be fully reimplemented. In addition, news of US copper tariffs has pushed LME copper futures to nearly $14,000 per ton, reaching their highest level since early June. The US Department of Commerce was supposed to submit its latest proposal on copper import tariffs to Trump over three weeks ago, but has yet to announce any final decisions.