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Home » New US tariff takes effect at 10%, Trump working to hike it to 15%

New US tariff takes effect at 10%, Trump working to hike it to 15%

The Cleveland Plain Dealer by The Cleveland Plain Dealer
3 weeks ago
0 0

WASHINGTON — The United States began collecting a temporary new 10 percent global import tariff on Tuesday, but the Trump administration was working to increase it to 15 percent, a White House official said, sowing confusion over President Donald Trump’s tariff policies after last week’s Supreme Court defeat. Trump initially signed an order on Friday for a 10 percent tariff to last 150 days to replace broad duties under an emergency law that were struck down by the Supreme Court, but on Saturday, he said he would increase the rate to 15 percent. On Monday night, before the midnight start of collections, the U.S. Customs and Border Protection agency notified shippers that the rate would be 10 percent. The White House official told Reuters that Trump has had “no change of heart” in his desire for a 15 percent tariff under Section 122 of the Trade Act of 1974, but offered no details on the timing for that increase. As of Monday, Trump had not signed a formal presidential order for the increase to 15 percent and CBP can only act on published presidential executive orders and proclamations

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