It is likely that tariffs, the president of the United States, Donald Trump, last week in tens of countries remain in place instead of being reduced as part of continuous negotiations, said Commercial Representative Jamieson Greer on Sunday.
Before a deadline for Friday, Trump established rates that include a 35 percent duty in many goods in Canada, 50pc for Brazil, 25 percent for India, 20pc for Taiwan and 39pc for Switzerland, according to a presidential executive order.
In commercial conversations since Trump returned to office, the White House has reduced some rates of the initially announced levels, including half of the import tariffs established last week as part of an agreement with the European Union.
Greer told him CBS ‘Face the Nation’ on Sunday, however, that this would not be the case in the most recent rates of rates.
“Many of these are rates established in accordance with the agreements. Some of these agreements are announced, others do not depend on the level of the commercial deficit or the surplus that we can have with the country,” he said. “These tariff fees are quite established.”
Greer also said that recent commercial conversations with Beijing had been “very positive” and focused on the supply of rare earth magnets and minerals.
“We are focused on ensuring that the flow of magnets from China to the United States and the adjacent supply chain can flow as freely as before … and I would say that we are halfway there.”
