Washington, United States – The administration of US President Donald Trump is considering expanding tariffs to include new economic sectors, in a move that reflects a new escalation in US trade policy, amid expectations of broad effects on global trade and supply chains.
Protecting American industries
Trump confirmed that his administration continues to review its trade tools, including imposing additional tariffs on new products and sectors, with the aim of protecting American industries and reducing the trade deficit, noting that Washington will continue to take the actions it deems necessary to defend its economic interests.
Expanding customs duties
Trump explained that expanding tariffs is still under consideration, noting that the final decision will depend on the results of
an assessment of trade relations with key partners and their adherence to what he termed fair trade practices.
Analysts believe that any expansion of tariffs could prompt affected countries to take retaliatory measures,
potentially escalating the trade war and increasing pressure on the global economy, especially given the challenges facing international markets.
