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

Bill to let felons vote from prison draws criticism from Republicans

Bill to let felons vote from prison draws criticism from Republicans

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Some Democrats and electoral rights groups want progress on legislation in Springfield that would give people in...
Supreme Court yet to decide high profile cases

Supreme Court yet to decide high profile cases

By Andrew RiceThe Center Square Birthright citizenship, transgender athletes in female sports and federal firing powers are among more than two dozen cases yet to be decided by the U.S....
Government spending on seniors' benefits soon to make up majority of federal budget

Government spending on seniors’ benefits soon to make up majority of federal budget

By Thérèse BoudreauxThe Center Square More than half of the federal budget will go toward benefits for Americans 65 years and older by 2036, and that percentage is set to...
Illinois Dems seek to expand post-release convict support, housing

Illinois Dems seek to expand post-release convict support, housing

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Lawmakers in Springfield are pushing to pass legislation to provide people recently released from prison with housing,...
$580B federal highway bill clears committee; includes rail safety, EV fees

$580B federal highway bill clears committee; includes rail safety, EV fees

By Thérèse BoudreauxThe Center Square A long-awaited bill spending $580 billion on American highways and transportation infrastructure is on track to hit the U.S. House floor for a vote as...
Tennessee smuggling charges against Kilmar Abrego Garcia dismissed

Tennessee smuggling charges against Kilmar Abrego Garcia dismissed

By Kim JarrettThe Center Square A federal judge dismissed Tennessee charges against a man who, at one time, was at the center of the immigration debate. Kilmar Abrego Garcia was...
NASA reorganizes to accelerate Moon Base, lunar programs

NASA reorganizes to accelerate Moon Base, lunar programs

By Brett RowlandThe Center Square NASA announced a reorganization of the agency Friday, restructuring key mission directorates to accelerate its lunar exploration program even as Congress and the White House...
Gabbard announces resignation, cites personal reasons

Gabbard announces resignation, cites personal reasons

By Sarah Roderick-FitchThe Center Square Director of National Intelligence Tulsi Gabbard announced her resignation Friday afternoon, citing personal reasons. The former Democratic congresswoman from Hawaii will remain at her post...
Illinois Quick Hits: Community College reimbursement bill passed

Illinois Quick Hits: Community College reimbursement bill passed

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A bill expanding state taxpayer-funded tuition assistance for students in community college is headed to Gov. J.B....
Powell out, Warsh in as new chair of Federal Reserve

Powell out, Warsh in as new chair of Federal Reserve

By Morgan SweeneyThe Center Square Kevin Warsh, an economist and former member of the Federal Reserve Board of Governors, is now chair of the central bank, replacing longtime chair, Jerome...
Nessel pushes back as Trump administration extends order keeping coal plant open

Nessel pushes back as Trump administration extends order keeping coal plant open

By Elyse ApelThe Center Square The Trump administration has again extended its emergency order keeping a west Michigan coal plant operating. U.S. Energy Secretary Chris Wright issued a fifth emergency...
Bipartisan praise for federal charges in Minnesota fraud cases

Bipartisan praise for federal charges in Minnesota fraud cases

By Elyse ApelThe Center Square Minnesota officials are applauding after federal prosecutors announced sweeping fraud charges against 15 people accused of stealing more than $90 million from state-managed Medicaid programs....
Congress rejects Trump's proposed NASA budget cuts

Congress rejects Trump’s proposed NASA budget cuts

By Brett RowlandThe Center Square House lawmakers advanced a spending bill rejecting President Donald Trump's proposed cuts to NASA, keeping the agency's budget flat at $24.4 billion. The White House...
Comptroller, Chicago officials debate tax fund sweeps

Comptroller, Chicago officials debate tax fund sweeps

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois Comptroller Susana Mendoza and Chicago Mayor Brandon Johnson’s administration are at odds over legislation that would...
No public funds for new transit safety group

No public funds for new transit safety group

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Cook County State’s Attorney’s Office says no public funds are being used for the agency’s new...