Trump's tariffs set to rise to 15% for some countries, Greer says

Trump’s tariffs set to rise to 15% for some countries, Greer says

Spread the love

The Trump administration signaled a possible climb in some U.S. tariffs above 10%, but provided few specifics.

Jamieson Greer, the U.S. trade representative, said Wednesday that the 10% tariff on imported goods was likely to increase.

“Right now, we have the 10% tariff. It’ll go up to 15% for some and then it may go higher for others, and I think it will be in line with the types of tariffs we’ve been seeing,” Greer said on Fox Business’ “Mornings with Maria.”

Trump first announced a 10% global tariff hours after the Supreme Court struck down his tariffs under a 1977 law last week. The next day, he said he would raise that global rate to 15%.

The 10% global tariff Trump signed on Friday went into effect at 12:01 a.m. Tuesday. A bulletin from U.S. Customs and Border Protection said that Trump’s executive order imposed an additional 10% ad valorem duty. The duty applies to imported articles of every country for 150 days under Section 122 of the Trade Act of 1974, with exceptions.

Before the Supreme Court’s ruling on Friday, the United Kingdom paid the lowest import duties at 10%. Most other nations faced higher rates, including the European Union, Japan, Indonesia and others.

Greer told Bloomberg TV that the White House was preparing to raise the temporary tariffs to 15% “where appropriate.”

Kevin Hassett, director of the National Economic Council of the United States, told reporters that tariffs would remain a key part of Trump’s economic agenda, even after the ruling.

“The tariffs are not going back to zero,” he said. “That’s not going to happen.”

The Yale Budget Lab found that consumers faced an overall average effective tariff rate of 16% before the Supreme Court ruling. After the ruling, it fell to 9.1%, then climbed back to 13.7% when Trump imposed Section 122 tariffs. The Yale Budget Lab also estimated that the Section 122 tariffs would mean a loss of between $600 and $800 for the average U.S. household.

The Supreme Court, split 6-3, ruled that the International Emergency Economic Powers Act didn’t give Trump expansive tariff powers. Justices Clarence Thomas, Brett Kavanaugh and Samuel Alito dissented.

“The Framers gave ‘Congress alone’ the power to impose tariffs during peacetime,” Chief Justice John Roberts wrote for the majority.

Leave a Comment





Latest News Stories

Meeting-Briefs

Meeting Briefs: Frankfort Square Park District for April 17, 2025

The Frankfort Square Park District Board of Commissioners met on April 17 to approve its annual budget, discuss new projects, and hear departmental updates. The district approved a nearly $5...
lincoln-way-school-district.3-scaled-e1750128024313

Lincoln-Way District 210 Board Briefs

District Finances Stable in March ReportAssistant Superintendent Michael Duback presented the Treasurer’s Report for the month ending March 31, 2025. Revenues for the month totaled $3.1 million, while expenditures were...
Frankfort-Township-Logo-Graphic

Frankfort Township Board Unanimously Opposes Government Consolidation

The Frankfort Township Board on Monday took a firm stance against a perennial issue in Illinois politics, unanimously passing a resolution to formally oppose any legislative efforts to consolidate or...
Frankfort-Township-Logo-Graphic

Frankfort Township Upgrading Senior Apartments Amidst High Demand

Frankfort Township is moving forward with significant upgrades to its senior apartments to meet modern standards, Supervisor Nick George announced at Monday’s board meeting. The improvements come as the township...
Frankfort-Township-Logo-Graphic

Outdoor Bar Expansion Gets Green Light from Frankfort Township

The Frankfort Township Board has approved a special use permit that will allow a bar in an unincorporated area to expand its service outdoors. The unanimous decision was made during...
Frankfort-Township-Logo-Graphic

Meeting Briefs: Frankfort Township Board for April 14, 2025

The Frankfort Township Board of Trustees met on Monday, April 14, 2025, to address zoning matters and new business. The board took a firm stance against government consolidation, unanimously passing...
Green-Garden-Logo.WP

Comprehensive Plan Update Proceeds Despite Request from Incoming Officials

GREEN GARDEN TOWNSHIP — The Green Garden Township Planning Commission is moving forward with updating the township's comprehensive plan despite renewed requests from incoming elected officials to put the project...
Green-Garden-Logo.WP

Township Sees Significant Growth as Assessor Reports 39 New Home Construction Sites

GREEN GARDEN TOWNSHIP — Green Garden Township is experiencing substantial residential growth with 39 new home construction sites currently underway, according to a report delivered by Township Assessor Bushong at...
Green-Garden-Logo.WP

Township Trustee Defends Building Renovation Project, Addresses Parking Concerns

GREEN GARDEN TOWNSHIP — Trustee Wagner provided information about the township's building renovation project at the February meeting, responding to concerns raised at the previous month's session and clarifying several...
Green-Garden-Logo.WP

Green Garden Township News Briefs – February 2025

Speed Limit Reduced on 88th Avenue: Road Commissioner Hilliard reported that following a speed study, the Will County Board has voted to reduce the speed limit on 88th Avenue from...
MFPD-Logo-Fire-District-8

Fire District Receives Clean Audit, Adds 9 New Firefighters Despite Staff Departures

The Manhattan Fire Protection District received a clean audit report for fiscal year 2023 while addressing staffing challenges with nine new part-time firefighters set to join the department at the...
Peotone-High-School-scaled-3

Parents Allege Major PowerSchool Breach, Bullying Ignored by Peotone School Officials

The Peotone School Board faced a series of sharp criticisms Monday night from parents and community members who described a culture where bullying persists, communication is lacking, and a significant...
MFPD-Logo-Fire-District-9

Construction Manager Decision Delayed for New Fire Station Project

The Manhattan Fire Protection District has postponed a decision on hiring a construction management company for its new fire station project while fee structures are finalized. Board members met with...
Peotone-School-District

Peotone Board Celebrates Student Achievements in Academics and Athletics

The Peotone School Board celebrated a wide range of student accomplishments, from academic honors to major athletic milestones. The "Good News" portion of the meeting highlighted several students for their...
MFPD-Logo-Fire-District-10

Manhattan Fire District March 17 Meeting Briefs

Vehicle Updates Progressing: The new Tahoe ordered last year has arrived but will require several months before entering service. The ambulance damaged in December's crash is currently at the body...