The White House indicated the Trump administration would announce the next phase of its trade policy on Thursday, according to press secretary Karoline Leavitt. The announcement comes as tariffs set to replace those struck down by the US Supreme Court in February are scheduled to expire on Friday.
The administration’s trade representative, Jamieson Greer, was expected to provide details on the coming policy direction. Leavitt declined to preview specifics, saying she did not want to preempt Greer’s announcement.
The administration’s trade agenda has been a centerpiece of Trump’s policy platform. Officials have argued the tariff strategy aims to strengthen domestic manufacturing sectors and generate employment opportunities. The policy has proven controversial, however, with critics contending that broad-based tariffs could raise consumer prices across the economy.
During a Senate hearing on Wednesday, Greer pushed back on assertions that the tariffs have contributed to rising prices for households. When Democratic Senator Elizabeth Warren questioned whether the policies had increased costs for Americans, Greer responded in the negative and cited core inflation data, which excludes volatile food and energy categories, showing it at 2.6% year-over-year. The US experienced inflation reaching a three-year high earlier in the year, though overall inflation levels remain slightly elevated compared to when the previous administration left office.
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