Trump's Tariff Rates 'Pretty Much Set,' Jamieson Greet Says

U.S. Trade Representative Jameson Greer said that President Trump's newly announced tariff rates are pretty much set and the world should not expect them to come down in the future. Greer was asked if the public should expect the tariffs to be negotiated down during an interview with CBS's Face the Nation with Margaret Brennan aired on Sunday. I don't think they will be in the coming days. I think a lot of these, well I know a lot of these, are set rates pursuant to deals, he said. These tariff rates are pretty much set, he added. President Donald Trump announced tariff rates for many countries ahead of the August 1st deadline, including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan, and 39% for Switzerland. Meanwhile, he set levies for many other countries with a seven-day extension of the deadline. The U.S. still hasn't reached a deal with China yet. Greer said recent trade talks with Beijing had been very positive and were focused on the supply of rare earth magnets and minerals. We're focused on making sure that the flow of magnets from China to the United States and the adjacent supply chain can flow as freely as it did before. And I'd say we're about halfway there, he said.