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

Illinois quick hits: Lawsuit filed over drunk driving deal involving noncitizen

Illinois quick hits: Lawsuit filed over drunk driving deal involving noncitizen

By Jim Talamonti | The Center SquareThe Center Square Lawsuit filed over drunk driving deal involving noncitizen A Freedom of Information Act lawsuit filed with Urbana, Illinois, claims the city...
Illinois to regulate intoxicating hemp products, loosen up on cannabis

Illinois to regulate intoxicating hemp products, loosen up on cannabis

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Headed to the governor’s desk is legislation that will regulate and restrict some intoxicating hemp products and...
Nevada gubernatorial candidates clash over Trump's policies

Nevada gubernatorial candidates clash over Trump’s policies

By Liam HibbertThe Center Square Nevada’s gubernatorial primaries are teasers to a competitive November election that is expected to be decided by narrow margins in the swing state. Gov. Joe...
Feds cut funding for Hawaii Medicaid fraud unit

Feds cut funding for Hawaii Medicaid fraud unit

By Andrew RiceThe Center Square Federal officials decertified Hawaii's Medicaid Fraud Control Unit on Thursday, citing concerns over a lack of accountability in the program. Every state that administers Medicaid...
Two Democrats, two Republicans seek attorney general seat

Two Democrats, two Republicans seek attorney general seat

By Liam HibbertThe Center Square Editor's note: This is part of a series previewing the congressional and statewide races in the Nevada primary election, set for June 9. The election...
Democrats condemn Minnesota GOP convention tribute to Derek Chauvin

Democrats condemn Minnesota GOP convention tribute to Derek Chauvin

By Elyse ApelThe Center Square Republicans are facing backlash after delegates at the Minnesota Republican Party's state convention voted to hold a moment of silence for former Minneapolis police officer...
Questions loom after data center legislation stalls

Questions loom after data center legislation stalls

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The speaker of the Illinois House says he thinks state lawmakers will eventually pass data center regulations,...
Feds charge 14 in Ohio fraud schemes, totaling $50M

Feds charge 14 in Ohio fraud schemes, totaling $50M

By Andrew RiceThe Center Square Federal prosecutors announced charges against 14 individuals in Ohio on allegations of fraud totaling as much as $50 million. Two state employees were included in...
U.S. Supreme Court rules in favor of generic drug patents

U.S. Supreme Court rules in favor of generic drug patents

By Andrew RiceThe Center Square The U.S. Supreme Court, in a unanimous decision on Thursday, ruled that a cardiovascular drugmaker did not violate America's patent laws. The ruling could allow...
Former HHS secretary tied to company that could benefit from CMS screening proposal

Former HHS secretary tied to company that could benefit from CMS screening proposal

By Tom JoyceThe Center Square A proposed federal rule that would expand Medicare coverage for certain colorectal cancer screening tests could benefit a company whose board includes former U.S. Health...
Supreme Court rules against Verizon, AT&T over privacy penalties

Supreme Court rules against Verizon, AT&T over privacy penalties

By Andrew RiceThe Center Square The U.S. Supreme Court, in an 8-1 decision on Thursday, ruled that the Federal Communication Commission did not need to involve a jury in multimillion...
Illinois quick hits: Stop child care scams act clears U.S. House, Illinois U.S. Reps introduce immigrant due process bill

Illinois quick hits: Stop child care scams act clears U.S. House, Illinois U.S. Reps introduce immigrant due process bill

By Jim Talamonti | The Center SquareThe Center Square Stop child care scams act clears U.S. House The U.S. House of Representatives has passed Illinois Congresswoman Mary Miller’s legislation aimed...
Trump to tap Blanche as attorney general

Trump to tap Blanche as attorney general

By Sarah Roderick-FitchThe Center Square After serving as acting attorney general for more than two months, President Donald Trump says he plans to nominate Todd Blanche as attorney general. Trump...
Trump signs executive orders on customs, federal workforce reforms

Trump signs executive orders on customs, federal workforce reforms

By Morgan SweeneyThe Center Square A year and a half and over 260 executive orders into his second term, President Donald Trump signed several more executive orders Wednesday, including one...
McCuskey eyes delay, reversal of furnace, water heater rules

McCuskey eyes delay, reversal of furnace, water heater rules

By Chris Dickerson | Legal NewslineThe Center Square West Virginia Attorney General J.B. McCuskey has submitted a formal comment letter to U.S. Department of Energy Secretary Chris Wright urging the...