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  • 1 year ago
U.S. Trade Representative Jamieson Greer said tariffs imposed by President Donald Trump last week will likely remain, as many are tied to existing deals and trade balances.

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00:00In other news, tariffs imposed by President Donald Trump last week are likely to stay in place,
00:06according to U.S. Trade Representative Jameson Greer.
00:09Greer says many rates were set through existing or ongoing deals,
00:14and they depend on each country's trade balance with the U.S.
00:19In a pre-taped interview on CBS's Face the Nation,
00:23Greer said no changes are expected for tariffs in the coming days.
00:26He also called recent trade talks with Beijing very positive,
00:31highlighting discussions on rare earth minerals and magnets.
00:34On Thursday, Trump announced new tariff rates ranging from 10 to 41 percent on dozens of countries.
00:41The tariffs will take effect on August 7, slightly delayed from the original Friday deadline.
00:46Among the hardest hits so far is Brazil at 50 percent, Syria at 41 percent,
00:51Laos and Myanmar at 40 percent, Switzerland at 39 percent and Canada at 35 percent.
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