US tariff rate to hit 15% or more for some nations, Greer says
(VOVWORLD) - The US tariff rate for some countries will rise to 15% or higher from the newly imposed 10%, US Trade Representative Jamieson Greer said on Wednesday, without naming any specific trading partners or giving further details.
 US Trade Representative Jamieson Greer (Photo: Reuters) |
Greer told Fox Business Network's "Mornings with Maria" program that the Trump administration does not intend to raise tariffs on Chinese goods above current levels as President Donald Trump plans to travel to China in coming weeks.
Speaking later on Bloomberg TV, Greer said the White House was preparing a proclamation to raise the temporary tariffs to 15% "where appropriate." He added that it would "accommodate" countries that have trade deals but did not provide details.
Greer told Fox Business the administration's plan to replace emergency tariffs struck down by the Supreme Court with new duties, including temporary tariffs under Section 122 of the Trade Act of 1974, which took effect on Tuesday at a 10% rate, are compatible with existing trade deals.