US tariffs could rise to 15% or more after supreme court blow, trade representative says

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Following a Supreme Court decision that struck down previous tariffs, the US Trade Representative announced that new tariffs on some countries could rise from the current 10% to 15% or higher. The new 10% tariff, affecting imported articles from every country unless specifically exempt, is in effect for 150 days starting Tuesday. While specific trading partners were not named, the representative indicated the increase would align with previous tariff levels. This announcement follows President Trump's earlier threats to raise tariffs to 15%. FedEx has also filed a lawsuit against the US government, seeking a refund for tariffs paid after the Supreme Court ruling.
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