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The U.S. Trade Representative stated that the tariff policy will largely remain unchanged

2025-08-03 22:25:55

ChainCatcher news, according to Jinshi reports, U.S. Trade Representative Lighthizer stated on August 3 local time that President Trump’s new round of tariffs imposed on multiple countries "is basically set" and will not be adjusted in the current negotiations, including a 35% tariff on goods imported from Canada, a 50% tariff on Brazil, a 25% tariff on India, and a 39% tariff on Switzerland.

Lighthizer stated that some tariffs are set based on the situation of bilateral trade surpluses and deficits, "these rates are basically fixed."

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