Latest Trump tariffs unlikely to budge, top negotiator says

Published
0
US Trade Representative Jamieson Greer delivers an interview on August 2. — Screengrab via YouTube/Face the Nation
US Trade Representative Jamieson Greer delivers an interview on August 2. — Screengrab via YouTube/Face the Nation

The tariffs United States President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday.

Ahead of a Friday deadline, Trump set rates including a 35 per cent duty on many goods from Canada, 50pc for Brazil, 25pc for India, 20pc for Taiwan and 39pc for Switzerland, according to a presidential executive order.

In trade talks since Trump returned to office, the White House has lowered some rates from levels initially announced, including halving import duties set last week as part of a deal with the European Union.

Greer told CBS’sFace the Nation’ on Sunday, however, that this would not be the case on the most recent round of tariffs.

“A lot of these are set rates pursuant to deals. Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country,” he said. “These tariff rates are pretty much set.”

Greer also 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- and the adjacent supply chain can flow as freely as it did before … and I’d say we’re about halfway there.”

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Maritime alliance
Updated 01 Aug, 2026

Maritime alliance

AS the US-Iran war drags on, new battle lines are being drawn. The pro-US Gulf Arab monarchies and Iran have enjoyed...
Local governance
01 Aug, 2026

Local governance

INTERIOR Minister Mohsin Naqvi’s speech at a business summit on Thursday has stirred a hornet’s nest. His...
Murders in Balochistan
01 Aug, 2026

Murders in Balochistan

GOOD news is scarce in Balochistan. Seven labourers were abducted and gunned down in Turbat city recently. Four...
Expanding conflict
31 Jul, 2026

Expanding conflict

WITH neither of the belligerents willing to back down, and the theatre of conflict expanding geographically, the...
Spoils and spats
31 Jul, 2026

Spoils and spats

A FIGHT over assembly seats in Azad Jammu and Kashmir has laid bare what seem to be some deep resentments between ...
Unfair tax system
31 Jul, 2026

Unfair tax system

THE disclosure that the FBR collected nearly Rs1.9tr in sales and income taxes through electricity bills over the...