US to increase some tariff rates to 15 percent or higher
U.S. Trade Representative Jamieson Greer says some tariffs will rise to 15%. The administration plans to keep current rates on Chinese goods for now.
The United States[Country:{ "assets":{ "country":"US" } }] Trade Representative Jamieson Greer announced on Wednesday that tariff rates for certain trading partners will increase to 15% or higher, rising from the recently implemented 10% emergency rate. While Greer did not name specific countries slated for the increase, he indicated that the adjustments would be made where appropriate and in line with existing trade patterns.
Greer clarified that the administration does not currently intend to raise tariffs on China[Country:{ "assets":{ "country":"CN" } }] beyond their current levels. This decision coincides with President Donald Trump’s planned visit to the nation in the coming weeks. Greer stated:
