
Advisers warned of economic fallout. Trump is preparing to announce new tariffs on dozens of countries this week. The move could escalate trade tensions.
President Donald Trump is preparing to impose new tariffs on dozens of countries as early as this week, according to people familiar with the planning. Advisers have warned of economic fallout. Trump is pressing ahead.
The tariffs would hit a broad set of trading partners. The exact list of countries and the rate of the duties have not been finalized. People familiar said the White House is still debating the scope.
The announcement could come within days. Markets are bracing for increased volatility, particularly in currencies and equities tied to global trade. A delay or narrower scope would reduce the risk. A broader implementation would amplify it.
The White House declined to comment on the timing.
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