White House to Announce New Tariffs as Old Ones Expire

The Trump administration announced it will unveil the latest stage of its trade policy on Thursday, July 23, 2026. This announcement comes amid reports that President Trump is preparing to implement a new wave of sweeping tariffs. The previous 10% global tariff regime, which was put in place after a damaging Supreme Court ruling in February 2026 that deemed many existing tariffs illegal, is set to expire on Friday, July 25, 2026. The Supreme Court's February ruling significantly impacted the administration's tariff strategy, leading to the implementation of the temporary 10% tariff on much of the world's imports. The upcoming announcement is expected to outline the administration's future approach to international trade and the potential imposition of new duties.