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

Dem officials urge Trump EPA to keep Biden’s PFAS rules

Dem officials urge Trump EPA to keep Biden’s PFAS rules

By John O’Brien | Legal NewslineThe Center Square Democrat state attorneys general are resisting changes made by the Trump administration that affect what companies must disclose about the use of...
Protests continue Thursday in Minneapolis; schools canceled

Protests continue Thursday in Minneapolis; schools canceled

By J.D. DavidsonThe Center Square (The Center Squares) – Protests continued Thursday after thousands of protesters took to the streets in Minneapolis on Wednesday night, rallying against ICE agents in...
IL lawmaker critical of ‘illegal orders’ video as Pentagon moves to punish senator

IL lawmaker critical of ‘illegal orders’ video as Pentagon moves to punish senator

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – An Illinois lawmaker and Air Force veteran says U.S. Sen. Mark Kelly’s call for troops to...
Illinois quick hits: Tax receipts increase $1.5 billion year-over-year

Illinois quick hits: Tax receipts increase $1.5 billion year-over-year

By Jim Talamonti | The Center SquareThe Center Square Tax receipts increase $1.5 billion year-over-year Citing a report by the Illinois Commission on Government Forecasting and Accountability, the National Federation...
WATCH: HHS tells Pritzker ‘show receipts’ on welfare spending; Energy bill to be signed

WATCH: HHS tells Pritzker ‘show receipts’ on welfare spending; Energy bill to be signed

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares conversations about...
Cato scholar: Fraud being investigated in Minnesota likely occurring across U.S.

Cato scholar: Fraud being investigated in Minnesota likely occurring across U.S.

By Hayley FelandThe Center Square The widespread fraud in Minnesota that's made national headlines in recent weeks is likely occurring in states across the country, Cato Institute scholar Chris Edwards...
Supreme Court could rule on Trump's tariff authority Friday

Supreme Court could rule on Trump’s tariff authority Friday

By Brett RowlandThe Center Square The U.S. Supreme Court could issue a landmark ruling Friday on President Donald Trump's authority to use tariffs, potentially reshaping presidential power. Alan Morrison, a...
Glen Ellyn can’t enforce Airbnb rules vs owner who says was target

Glen Ellyn can’t enforce Airbnb rules vs owner who says was target

By Scott Holland | Legal NewslineThe Center Square The operators of a Glen Ellyn Airbnb property have won an junction blocking the village from enforcing an ordinance controlling short-term rentals...

WATCH: HHS tells Illinois ‘show us the receipts’ on welfare spending

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Nearly a billion federal taxpayer dollars for child care and family assistance programs are being withheld from...
Illinois quick hits: IG finds 26 cases of sexual misconduct at Chicago schools

Illinois quick hits: IG finds 26 cases of sexual misconduct at Chicago schools

By Jim Talamonti | The Center SquareThe Center Square IG finds 26 cases of sexual misconduct at Chicago schools The Office of Inspector General for the Chicago Board of Education...
IL House speaker signals insurance regulation described as 'ill-advised'

IL House speaker signals insurance regulation described as ‘ill-advised’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The speaker of the Illinois House is signaling that insurance regulation will be a priority for state...
Logan County native urges oversight of proposed $5B IL data center

Logan County native urges oversight of proposed $5B IL data center

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Logan County residents are opposing a proposed 250-acre data center in Illinois, raising concerns about farmland...
Gilbert Bernal Sr

Flint Man Charged with 1988 Murder of Wife Joan Bernal Following Cold Case Breakthrough

Article Summary: Gilbert Bernal Sr., 82, appeared in Will County court facing first-degree murder charges connected to the 1988 disappearance of his wife, Joan Bernal, following a sealed indictment returned...
State leaders slam $10 billion child care freeze, promise action

State leaders slam $10 billion child care freeze, promise action

By Andrew Rice | The Center SquareThe Center Square (The Center Square) – State lawmakers slammed the U.S. Department of Health and Human Services after it announced it would freeze...
'Implicit bias' training mandate among new health care-related laws in Illinois

‘Implicit bias’ training mandate among new health care-related laws in Illinois

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A number of new health care-related laws have taken effect in Illinois, including one that mandates implicit...