According to Jinshi News, the U.S. Trade Representative Katherine Tai stated on August 3 local time that the new round of tariffs imposed by President Trump on multiple countries last week are "basically finalized" and will not be adjusted in current negotiations. This includes a 35% tariff on imports from Canada, a 50% tariff on Brazil, a 25% tariff on India, and a 39% tariff on Switzerland. Tai said that some tariffs are set based on bilateral trade surplus and deficit, and that "these tax rates are basically fixed".
U.S. Trade Representative says tariff policy will remain largely unchanged
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