Greer says new tariffs have no impact

U.S. Trade Representative Jamieson Greer stated on July 27 that President Donald Trump's new tariffs on 60 trading partners over forced labor enforcement will likely not have an economic impact, as rates of 10% or 12.5% are similar to recent global tariff actions. The tariffs, imposed under Section 301, cover 99.4% of U.S. imports but apply to a smaller group of countries than a previous universal tariff. Greer also noted that USTR is continuing a separate investigation targeting excess industrial capacity in 16 key trading partners, including China, Vietnam, Mexico, and the European Union, which could lead to additional tariffs. He defended Section 301's use after the Supreme Court struck down Trump's earlier broad tariffs under a national emergencies law.