What is the status of President Trump's tariffs?

The tariffs imposed by President Trump last week are likely to remain in place, rather than be cut as part of ongoing negotiations, according to U.S. Trade Representative Jamieson Greer.

What is the focus of recent trade talks between the U.S. and China?

The recent trade talks between the U.S. and China have been "very positive" and have focused on ensuring the continued supply of rare earth magnets and minerals from China to the United States, according to Greer.

How does the U.S. plan to maintain the flow of rare earth supplies from China?

Greer stated that the U.S. and China are "about halfway" in their efforts to maintain the free flow of rare earth magnets and minerals between the two countries.

Home / Business and Economy / Trump's Tariffs Likely to Stay Put, Says U.S. Trade Rep

Trump's Tariffs Likely to Stay Put, Says U.S. Trade Rep

3 Aug

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Summary

Tariff rates set, not expected to be lowered
Recent trade talks with China "very positive"
Focus on ensuring rare earth supply from China

Trump's Tariffs Likely to Stay Put, Says U.S. Trade Rep

As of August 3rd, 2025, the tariffs imposed by U.S. President Donald Trump last week on a range of countries are expected to remain in place, rather than be reduced through continuing negotiations. This was confirmed by Trade Representative Jamieson Greer in an interview on Sunday.

Greer explained that the tariff rates, which include a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan, and 39% for Switzerland, are "pretty much set" as part of various trade deals. He noted that while the White House has lowered some rates from initial levels in the past, this would not be the case with the most recent round of tariffs.

Regarding the ongoing trade talks with China, Greer described them as "very positive," with a focus on ensuring the continued supply of rare earth magnets and minerals from China to the United States. He stated that the two countries are "about halfway" in their efforts to maintain the free flow of these critical materials.

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