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U.S. 10% Universal Tariff Set to Expire This Month; Trade Rep Uncertain About One-to-One Replacement

2026-07-09 14:25:34

According to Bloomberg, U.S. Trade Representative Jamieson Grimm said on Thursday that the 10% universal tariff set to expire at the end of this month will be replaced by multiple measures rather than a direct one-to-one substitute. Grimm indicated potential actions under Section 301 of the Trade Act of 1974 may be among the replacement measures.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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