Jamison Greer, representative of the United States Trade Representative (USTR), stated in a CBS interview that the possibility of reducing reciprocal tariff rates, set to apply from the 7th (local time) globally, has been ruled out. In the interview released on August 3, Greer mentioned that the tariff rates on over 60 trading partner countries were “almost finalized” following an executive order from President Donald Trump on July 31. The interview was conducted on August 1.
Greer noted that his phone was “blowing up” with calls from trade ministers of partner countries seeking new ways to cooperate with the U.S., but emphasized that the current tariff rates clearly delineate Trump’s tariff strategy.
He explained that the reciprocal tariff rates set by the U.S. are determined by trade agreements, with some announced and others based on trade deficit or surplus levels, stressing that these rates are nearly finalized. Regarding the question of further trade agreements by President Trump, Greer mentioned, “It seems there won’t be any additional negotiations,” indicating no current intention to adjust tariff rates through talks despite demands from several countries informed of the new rates.
When asked about ways certain countries might avoid tariffs, Greer explained that most countries are essentially subject to tariffs, with some facing rates as high as 10% or 15%. However, he added that Trump assesses potential negotiation proposals and concessions from countries to decide, alongside advisors, on the most appropriate actions to reduce trade deficits, leaving room for negotiation if countries make more favorable conditions.
Concerning trade negotiations with major partners like Canada and Mexico, Greer conveyed Trump’s perspective that the existing trade system results in the relocation of manufacturing overseas, a trend that cannot continue if the system remains unchanged. Trump aims to correct trade conditions with Canada, and while agreements might be sought, if unsuccessful, the current confirmed tariff rates will be upheld. Greer warned that if Canada retaliates with counter-tariffs, the U.S. would have to respond.
Additionally, the Trump administration has decided to impose a 35% tariff on Canadian imports not covered by the United States-Mexico-Canada Agreement (USMCA), with Canada being the second-largest trade partner of the U.S.