According to PANews, U.S. Trade Representative Greer announced on August 3, 2025, that the new round of tariffs imposed by U.S. President Donald Trump last week is largely finalized and will not be adjusted in the current negotiations. The tariffs include a 35% levy on goods imported from Canada, 50% on Brazil, 25% on India, and 39% on Switzerland. Greer stated that some of these tariffs are based on bilateral trade surpluses and deficits, emphasizing that "these rates are essentially fixed."