US tariff rates are set between 10 and 41 percent starting August 7, with little room for negotiation. Trade Representative Jamieson Greer stated these rates are largely determined by trade deficits and are influenced by political factors. Brazil faces particularly high tariffs of 50 percent on certain exports, reflecting President Trump's punitive approach towards its former president. Greer highlighted that the tariff plan demonstrates both economic strategy and geopolitical positioning, with no imminent changes expected in the coming days.
U.S. Trade Representative Jamieson Greer stated that the new tariff rates, set between 10 and 41 percent, would be in effect from August 7, reflecting the contours of the president's tariff plan.
Greer emphasized that these tariff rates are influenced by trade deficits, economic deals, and political considerations, particularly the tariffs imposed on Brazil.
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