U.S. President Donald Trump will sign a directive in the coming days raising his global tariff to 15% ¡°where appropriate¡± and is seeking ¡°continuity¡± with nations that struck trade deals, U.S. Trade Representative Jamieson Greer said.
¡°So right now, as we talked about, 10% is in place. There will be a proclamation raising it to 15% where appropriate,¡± Greer said Wednesday on Bloomberg Television¡¯s Surveillance program.
Greer sought to clarify how the administration would follow through on Trump¡¯s threat to hike the rate to 15%, which added to U.S. trading partners¡¯ confusion in the wake of the Supreme Court¡¯s nixing of his so-called ¡°reciprocal duties.¡± A 10% worldwide levy took effect Tuesday, and in the ensuing 24 hours, the administration offered few details about how it would follow through on the president¡¯s threat while honoring pacts with major trading partners.
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