US Tariff Rates to Hit 15 Percent or More for Some Nations Under New Strategy

U.S. Trade Representative Jameson Greer said tariff rates could climb to 15 percent or more for some nations as the Trump administration conducts probes into unfair trade practices after a Supreme Court ruling that invalidated parts of the previous tariff policy.  Greer appeared on Fox Business program Mornings With Maria, and spoke with host Maria Bartiromo about a shift to tools such as Section 301 targets unfair trade practices, including forced labor in supply chains and industrial excess capacity, as the Trump administration seeks to continue its sweeping tariff policy.  “Section 301 allows the office of the United States trade representative to investigate unfair trade practices on a country by country basis,” Greer said. “And we’ve identified a lot of these. This includes things like people who use forced labor in their supply chains.” ...