Trump’s tariffs set to rise to 15% for some countries, Greer says
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.
Latest News Stories
More Illinois Catholic schools close; candidates call for change
U.S. effort to limit China’s influence reaches Latin America
Govt. shutdown risk spikes as Senate Democrats vow to tank funding package
Report: EU regulations cost billions for American tech companies
Acting ICE director ordered to court by Minnesota federal judge
Crackdown in Minneapolis underway following Trump talks with Walz, Frey
WATCH: Chicago IG seeks urgency on OT costs; Group warns taxpayers paying for polls
Illinois Quick Hits: Grants issued for apprenticeship programs
K-12 schools, higher ed institutions prevail in diversity litigation
Medical group debunks recent study on racial concordance, says patient outcomes not improved by philosophy
County Approves $22 Million in Road Projects for Lorenzo Road and Mills Road
Three Democrats seeking Illinois U.S. Senate seat debate in Chicago