U.S. President Donald Trump is set to sign a directive that will raise global tariffs from the current 10% to 15%, as indicated by U.S. Trade Representative Jamieson Greer. Greer explained that while the 10% tariff has already been implemented, the administration aims to ensure clarity and continuity in its trade relations, particularly with countries that have existing trade agreements. The increase in tariffs is a part of Trump's ongoing strategy to reshape U.S. trade policy and respond to perceived trade imbalances.

The announcement comes in light of the recent Supreme Court ruling that invalidated Trump's proposed 'reciprocal duties' which had caused confusion among international trading partners. Greer’s remarks on Bloomberg Television emphasized the need for the administration to properly execute its trade mandate while addressing concerns regarding its approach to tariffs. The confusion surrounding the tariff strategy has raised questions on the administration’s commitment to honoring existing trade agreements.

Increasing tariffs is a significant move that could have wide-ranging implications for both domestic and international markets. With Trump's intention to adjust tariffs where necessary, there could be an escalation in trade tensions between the U.S. and its trading partners. The uncertainty created by this tariff policy may also impact businesses that rely on international supply chains, potentially leading to higher costs for consumers and businesses in the U.S. as they navigate these changing trade dynamics.