U.S. Trade Representative Jameson Greer announced today that U.S. tariffs on some countries will increase from 10% to more than 15%, without naming specific trading partners or providing further details.
Greer told Fox Business that President Donald Trump is scheduled to visit China in the coming weeks, but the administration has no intention of raising tariffs on Chinese goods beyond current levels.
“Currently, our tariffs are 10%. They could rise to 15% in some countries and even higher in others. We believe this is consistent with the types of tariffs we have seen in the past,” Greer said.
Alternative efforts
Mr. Greer described the administration’s plan to replace the emergency tariffs invalidated by the Supreme Court with new obligations, including temporary tariffs under Section 122 of the Trade Act of 1974, which went into effect yesterday at a rate of 10%, as compatible with existing trade agreements.
Greer added that investigations into unfair trade practices under Section 301 of the Act will focus on alternative efforts, targeting countries that have excess industrial capacity, use forced labor in their supply chains, discriminate against U.S. technology companies, and subsidize rice, seafood and other goods.
U.S. Trade Representative Jameson Greer announced today that the United States will increase tariffs on certain countries from 10% to more than 15%, without identifying specific trading partners or providing further details.
Greer told FOX Business that the Trump administration is planning to visit China in the coming weeks, but has no intention of raising tariffs on Chinese goods beyond current levels.
“Our tariffs are currently 10%. They could rise to 15% in some countries and even more in others. We believe this is consistent with the types of tariffs we have seen in the past,” Greer said.
Alternative efforts
Greer explained that the administration’s plan to replace the emergency tariffs struck down by the Supreme Court with new tariffs, including interim tariffs under Section 122 of the Trade Act of 1974, which went into effect yesterday at a rate of 10%, is consistent with existing trade agreements.
He added that investigations into unfair trade practices under Section 301 of the Act will focus on alternative measures, targeting countries with excess industrial capacity, those that use forced labor in their supply chains, those that discriminate against U.S. technology companies, and those that support rice, seafood and other goods.
