Jaimison Greer, The US Trade Representative said in an interview aired on Sunday that tariff rates are “too much set” More than 60 business partners After President Trump executive Order Last week.
“So these, these tariff rates are very high sets,” Gierr said in an interview on Friday, “Nation face with Margaret Brainon”“I hope I have my phone blowing. There are business ministers who want to talk more and see how they can work with the United States in a different way, but I think we have, we are really seeing the inclusion of the President’s tariff scheme with these rates.”
On Friday, a few hours before the Self-Lagged deadline of the Trump administration for baseline tariffs, the White House announced tariff rates for imports from dozens of countries, including a handful that has cut trade deals with administration and dozens of which has not yet reached a deal. As per the executive order, all imports will have a 10% tariff rate as August 7.
Asked if Mr. Trump would interact on more deals in the coming days, “I don’t think they would be,” but he said that these tariff rates are “rates for deals”.
“When the President is looking at it, he sees potential deals, and we bring him possible concessions from countries and things they want to do,” Greer said. “And he compares that with potential tariffs that can be applied to try to reduce that deficit. And then talking to his advisors, he makes a call on it.”
Beyond the deadline of 1 August, the Trump administration made several deals for tariffs, including South Korea, European Union And BritainBut other major American trading partner did not reach deals, including CanadaWhich Mr. Trump imposed 35% tariff on goods. United States-Maxico-Canada Agreement (USMCA). Canada is the second largest trading partner in America.
“The President’s approach with every country, whether it is Canada or Mexico, and the kind of trading agreement we have, is that the net result of the trading system, whether it is our WTO agreement or our current trading agreements, the net result is that a lot of manufacturing has gone abroad, and when you can continue with that system, you can continue with that system,” Greer said.
“So you know, I am not worried that it is going to complicate things with Canada. We think that the President is trying to fix the terms of business with Canada, and if there is a way of any deal, we will find it. And if it is not, we will have a tariff level that we have,” said the business advisor.
Bank of America CEO Brian Mionihan, who Brainon interviews “Face the Nation” separately“Economists at the Bank of America have predicted that while the economy will still continue to grow, they are predicting low growth than six, nine months ago, and tariff reflects war and business and the impact of all. ,
As for economic impact that the tariff will be on the economy, Mionihan said “no one really knows, honestly, because it is a separate rule we are in the first.”
