Trump trade adviser: Trump’s tariff rates ‘pretty much set’3 Aug 2025 17:41
U.S. Trade Representative Jamieson Greer said in an interview set to air Sunday that President Trump’s newly announced tariff rates are “pretty much set” and the public should not expect them to come down in the near future.
“I don’t, I don’t think they will be in the coming days,” Greer said on CBS News’s “Face the Nation,” when asked whether he expects rates to be negotiated down in the coming days.
He said many of the tariff rates announced “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,” Greer continued. “So, these tariff rates are pretty much set.”
Greer said he expects his phone to be “blowing up” with calls from international trade leaders wanting to negotiate, but Greer suggested the latest tariff announcement will likely be where Trump lands on the issue.
https://thehill.com/homenews/administration/5434097-trump-tariff-rates-set/
The reporting I have read about Switzerland is that many think that the market reaction may be muted, as the 39% is just Trump 'negotiating'. Greer's comments on the media today seem to indicate otherwise. And, I think that the 'TACO' acronym has got under his skin and increased his stubbornness, just as he needs to mount a media blitzkrieg to displace the Epstein story. Being seen to back down would be perceived as weakness, and an acknowledgement that the economic peril suggested by Friday's job report that he dismissed as fake might be much more accurate than he accepts.
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