US tariffs to rise above 10% for some countries but not all, says Jamieson Greer
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The news: US Trade Representative Jamieson Greer said the Trump administration’s 10% global tariff will rise to 15% for some countries and potentially higher for others, without naming specific trading partners.
Speaking on Fox Business, Greer said the increases would be “in line with the types of tariffs we’ve been seeing.” He later told Bloomberg that the White House was preparing a proclamation to raise tariffs to 15% “where appropriate,” which he said would be issued “soon.”
The increase would accommodate countries with existing trade deals, he said, though he gave no further details.
What they said: “Right now, we have the 10% tariff. It’ll go up to 15(%) for some and then it may go higher for others,” he said. on Fox.
Later on Bloomberg, Greer said the White House was preparing a proclamation to lift temporary tariffs to 15% and that it would “accommodate” countries with trade deals.
Amid the confusion, coming as Trump plans to travel to China in coming weeks, Greer said the administration does not intend to raise tariffs on Chinese goods above current levels.
“We don’t intend to escalate beyond” rates that are currently in place. “We intend to really stick to the deal that we have with them,” he said.
Section 301 of the Trade Act of 1974 allows the US to investigate and impose tariffs on countries engaged in unfair trade practices. And Greer said these probes would be the “centrepiece” of the administration’s longer-term tariff replacement effort.
He said the Office of the US Trade Representative would open such an investigation into Indonesia’s trade practices, examining industrial capacity and fisheries subsidies.
Earlier this month, Indonesia finalised a trade deal with the US under which Indonesia agreed to accept a 19% US tariff and open its markets to US goods.
The sources: Fox Business, Bloomberg, Reuters
