On a recent appearance on the Fox Business Network's program "Mornings with Maria", US Trade Representative Jamieson Greer stated that import tariffs could potentially rise above the promised 15% for some countries. He did not specify which countries would be affected nor did he disclose further details on the new tariff structures. Currently, the US maintains a 10% tariff on certain imports, which is slated to increase for some to 15%, potentially affecting trade patterns significantly. Greer's comments underscore the uncertainties in international trade relations under the Trump administration.

Greer reassured that there would be no increase on the existing tariffs imposed on Chinese goods, which aligns with President Trump’s plan to travel to China in the coming weeks. This suggests a strategic approach to maintain the status quo with China, although overall tariff policies remain fluid and open to change based on future negotiations. The administration’s efforts to introduce new tariffs could signify a robust, albeit contested, approach to international trade as the US seeks to balance its trade deficit and leverage negotiations with its partners.

Furthermore, Greer referenced a new framework introduced under Section 122 of the Trade Act of 1974, intending to replace tariffs previously invalidated by the Supreme Court. This legislative maneuver represents a shift towards temporary tariffs that the administration hopes will stabilize the market while negotiations progress. As these tariffs come into play, their implications could resonate across global markets, influencing both trade routes and economic relations.