President Donald Trump.
The tariffs announced by U.S. President Donald Trump, set to take effect this Thursday, are unlikely to undergo any significant revisions, according to his administration. U.S. Trade Representative Jamieson Greer told CBS News in an interview that the new rates are »pretty much finalized« and that no further adjustments are expected in the »coming days«.
While officials from some countries continue to seek discussions with the U.S. government, Greer has stated that the announced import duties now reveal »the true outline of the president’s tariff plan.« Kevin Hassett, Director of the White House National Economic Council, echoed this sentiment in remarks to NBC News, noting that while talks with certain trading partners will continue, the majority of the tariffs are »more or less set in stone«, ntv reported. When asked, whether Trump might reconsider the rates if financial markets react negatively, Hassett replied, »I would rule that out—these are the final deals.«
Originally scheduled to take effect last Friday, the tariffs – targeting nearly 70 countries – were delayed by nearly a week to allow border and customs agencies more time to implement the new system.
The European Union is among those affected, with most EU imports to the U.S. facing a tariff limit of 15 percent starting on Thursday. This rate follows negotiations with the European Commission; Trump had initially threatened that there would be tariffs as high as 30 percent.
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