U.S. Trade Representative Says Tariff Policy Will Essentially Remain the Same
U.S. Trade Representative Lighthizer stated on August 3 local time that President Trump’s recently announced new round of tariffs on multiple countries is "basically set" and will not be adjusted in the current negotiations, including a 35% tariff on goods imported from Canada, a 50% tariff on Brazil, a 25% tariff on India, and a 39% tariff on Switzerland.
Lighthizer stated that some tariffs are set based on the situation of bilateral trade surpluses and deficits, "these rates are basically fixed".