Tariffs Soar Up to 15% or More After Supreme Court Blow

In a concerning development for global trade, US Trade Representative Jamieson Greer has warned that tariffs could rise to 15% or even higher for some countries, up from the recently imposed 10% levy. This announcement comes in the wake of a significant setback for the Trump administration, as the US Supreme Court has dealt a blow to the president's trade agenda.

Tariffs Climbing to 15% or More

Speaking on Fox Business Network's Mornings with Maria program, Greer stated that the current 10% tariff rate will be increased to 15% for some trading partners, and may go even higher for others.