• About
  • Contact
Saturday, October 18, 2025
The US Inquirer
No Result
View All Result
  • Login
  • Home
  • National
  • Politics
  • Business
  • Tech
  • Crime
  • World
PRICING
SUBSCRIBE
  • Home
  • National
  • Politics
  • Business
  • Tech
  • Crime
  • World
No Result
View All Result
The US Inquirer
No Result
View All Result
Home Politics

Tariff rates are “pretty much set,” Greer says

by Caroline Linton
August 3, 2025
Reading Time: 3 mins read
0
Tariff rates are “pretty much set,” Greer says

RELATED POSTS

Hamas hands over remains of 2 more possible hostages, Israel says

Ex-ICE director says immigration crackdown putting agents in “terrible position”

Jamieson Greer, the U.S. trade representative, said in an interview that aired Sunday that tariff rates are “pretty much set” on more than 60 trading partners after President Trump’s executive order last week.

“So these, these tariff rates are pretty much set,” Greer said in an interview Friday with “Face the Nation with Margaret Brennan. “I expect I do have my phone blowing up. There are trade ministers who, who want to talk more and see how they can work in a different way with the United States, but I think that we have, we’re seeing truly the contours of the president’s tariff plan right now with these rates.”

Hours ahead of the Trump administration’s self-imposed deadline for baseline tariffs on Friday, the White House announced tariff rates for imports from dozens of countries, including a handful that have cut trade deals with the administration and dozens that haven’t reached a deal yet. All imports will have a 10% tariff rate as of Aug. 7, according to the executive order.

When asked if Mr. Trump will be negotiating the tariff rate down in coming days, Greer answered, “I don’t think they will be,” but he added these tariff rates are “set rates pursuant to deals.”

“When the president is looking at this, he looks at potential deals, and we bring him potential concessions from countries and the things they might want to do,” Greer said. “And he compares that to the potential tariff that might be applied to try to get that deficit down. And then talking to his advisors, he makes a call on this.”

Ahead of the Aug. 1 deadline, the Trump administration touted a number of deals for tariffs, including South Korea, the European Union and Britain. But other major U.S. trading partners did not reach deals, including Canada, which Mr. Trump levied a 35% tariff on goods not subject the United States-Mexico-Canada Agreement (USMCA). Canada is the U.S.’ second-largest trading partner.

“The President’s view with with every country, whether it’s Canada or Mexico, and regardless of the kind of trade agreement we have in place, is that the net result of the trading system, whether it’s our WTO agreements or our existing trade agreements, the net result has been that a lot of the manufacturing has gone overseas, and when that’s the net result, you can’t continue with that system,” Greer said. 

“So you know, I’m not concerned that it’s going to complicate things with Canada. Our view is the President is trying to fix the terms of trade with Canada, and if there’s a way to a deal, we’ll find it. And if it’s not, we’ll have the tariff levels that we have,” the trade adviser said.

Bank of America CEO Brian Moynihan, who Brennan interviewed separately on “Face the Nation,” said that Bank of America economists have predicted that while the economy will still continue to grow, they are predicting “less growth than they would have had six, nine months ago, and reflects the impact of the tariff war and the trade and all that.” 

As for the economic impact that tariffs will have on the economy, Moynihan said “no one really knows, honestly, because this is a different regime than we’ve been in before.”

More from CBS News

Caroline Linton

Caroline Linton is an associate managing editor on the political team for CBSNews.com. She has previously written for The Daily Beast, Newsweek and amNewYork.

Share6Tweet4Share1

Caroline Linton

Related Posts

Hamas hands over remains of 2 more possible hostages, Israel says
Politics

Hamas hands over remains of 2 more possible hostages, Israel says

October 18, 2025
Ex-ICE director says immigration crackdown putting agents in “terrible position”
Politics

Ex-ICE director says immigration crackdown putting agents in “terrible position”

October 18, 2025
Crowds gather at anti-Trump “No Kings” rallies across the U.S., worldwide
Politics

Crowds gather at anti-Trump “No Kings” rallies across the U.S., worldwide

October 18, 2025
Trump threatens to jack up tariffs on China over rare-earth controls
Politics

Trump signs proclamation imposing tariffs on truck and bus imports

October 17, 2025
Trump says Maduro “doesn’t want to f*** around with the United States”
Politics

Trump says Maduro “doesn’t want to f*** around with the United States”

October 17, 2025
Nuclear agency workers set to be furloughed as shutdown continues
Politics

Nuclear agency workers set to be furloughed as shutdown continues

October 17, 2025
Next Post
Dems negotiated for release of billions in exchange for batch of Trump nominees, sources say

Dems negotiated for release of billions in exchange for batch of Trump nominees, sources say

Longtime Trump insider May Davis Mailman departs White House

Longtime Trump insider May Davis Mailman departs White House

Recommended Stories

FBI fires agents photographed kneeling during 2020 protest

FBI fires agents photographed kneeling during 2020 protest

September 27, 2025
Maine Gov. Janet Mills expected to jump into crucial Senate race, sources say

Maine Gov. Janet Mills expected to jump into crucial Senate race, sources say

October 9, 2025
Netanyahu ordered drone attacks on Gaza-bound humanitarian boats, sources say

Netanyahu ordered drone attacks on Gaza-bound humanitarian boats, sources say

October 3, 2025

Popular Stories

  • Remains of 4 more Israeli hostages handed over by Hamas

    Remains of 4 more Israeli hostages handed over by Hamas

    15 shares
    Share 6 Tweet 4
  • Military families worry about missed paychecks amid government shutdown

    15 shares
    Share 6 Tweet 4
  • Israel prepares for return of last Gaza hostages

    15 shares
    Share 6 Tweet 4
  • Trump heads to the Middle East amid Gaza ceasefire

    15 shares
    Share 6 Tweet 4
  • Appeals court rules “Alligator Alcatraz” site can stay open

    15 shares
    Share 6 Tweet 4
The US Inquirer

© 2023 The US Inquirer

Navigate Site

  • Home
  • About
  • Contact
  • Ethics
  • Fact Checking and Corrections Policies
  • Copyright
  • Privacy Policy
  • ISSN: 2832-0522

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National
  • Politics
  • Business
  • Tech
  • Crime
  • World

© 2023 The US Inquirer

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?