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Trump administration is working to increase temporary tariff rate to 15% from 10%, official says

Trump administration is working to increase temporary tariff rate to 15% from 10%, official says

Trump administration is working to increase temporary tariff rate to 15% from 10%, official says

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WASHINGTON, Feb 24 (Reuters) – The Trump administration is working to increase the rate on President Donald Trump’s new, temporary global tariff to 15% from the 10% rate published by the U.S. Customs and Border Protection agency, a White House official said on Tuesday.

The official said Trump has had “no change of heart” on his desire for a 15% tariff rate, which he had announced on Saturday after issuing a formal order on Friday for a 10% rate on the new duties that will last 150 days. The temporary tariff imposed under Section 122 of the Trade Act of 1974 are meant to replace Trump’s global emergency tariffs struck down by the U.S. Supreme Court on Friday.

The White House official said there was no further detail on the timing of the tariff rate increase. CBP can only collect tariffs based on information published in formal presidential executive orders or proclamations.

(Reporting by David Lawder; Editing by Chizu Nomiyama )

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