USTR's Greer says Trump's latest tariffs won't have economic impact

U.S.

Trade Representative Jamieson Greer said on Monday President Donald Trump's new tariffs on 60 trading partners over their alleged lax enforcement of forced labor bans will likely not have an economic impact in part because the rates of 10 percent or 12.5 percent are similar to recent global tariff actions.

Greer told Fox News Channel's "Special Report with Brett Baier" that the new Section 301 duties are imposed on a smaller group of countries than a now-expired 10 percent temporary tariff, which was universal.

But the agency has said that the forced labor duties would still cover 99.4 percent of U.S. imports.

"Well, I don't think it has an impact at all," Greer said when asked if the tariffs would impact the Federal Reserve's monetary policy decision-making this week.

"Now we have a set of tariffs, it's on a smaller set, it's not the whole world.

A lot of the rates are pretty similar, so it should not have any economic impact that's different than what we've been experiencing." Greer said that USTR was continuing to work on another broad tariff investigation under Section 301 of th ...