U.S. Trade Representative Greer said on Monday the newly implemented Section 301
tariffs are not expected to create economic effects beyond those already priced
in. Greer said President Trump’s tariff increases on roughly 60 trading
partners, at about 10% or 12.5%, are similar to prior global tariff actions and
therefore may not materially change economic outcomes. She added the set of
countries targeted by the new 301 measures is narrower than the earlier broadly
applied 10% temporary tariff, but the new duties still cover 99.4% of U.S.
imports.
