US trade negotiator says 10% universal tariff will rebuild domestic manufacturing

[Eugene]

Source: Reuters

US trade negotiator says 10% universal tariff will rebuild domestic manufacturing

Andrea Shalal and Doina Chiacu
Tue, May 13, 2025 at 9:53 AM EDT 2 min read

WASHINGTON (Reuters) -U.S. Trade Representative Jamieson Greer said on Tuesday a 10% universal tariff on goods entering the United States would stay in place but U.S. officials were in talks with many countries to lower additional tariffs imposed by President Donald Trump.

Greer told CNBC he would speak to the Indian commerce secretary on Tuesday before leaving for Seoul, South Korea for a meeting of trade ministers from the Asia-Pacific Economic Cooperation (APEC) grouping.

The chief U.S. trade negotiator, just back from weekend talks with Chinese officials in Switzerland, said he would meet with the South Korean trade minister in coming days and ministers from other Asian countries attending the APEC meeting.

-snip-

He made clear that the 10% tariffs imposed on nearly all countries by Trump on April 2 would remain in place, noting that Trump had campaigned on a promise to institute a universal tariff and a somewhat higher tariff on China.

-snip-

Read more: https://finance.yahoo.com/news/us-trade-negotiator-says-10-135340855.html

[JohnSJ]

1. Not many in our news media are talking about the 30% tariff is what trump put in place for China

is not going away, and consumers will be paying for these tariffs, whether it is 10% or more, and that WILL be inflationary, no matter what bullshit they try to push.

[usonian]

2. Sure, we need jobs that robots can do, like we need Trump steaks and vodka.

Meanwhile, the Inquisitors are causing top talent to go overseas.

[CousinIT]

3. Trump camaigned on a promise TO LOWER PRICES - NOT raise them via new TAXES (which is what tariffs are).

The fucker is just lying, as everyone in that goddmaned crime syndicate does.

[Lovie777]

4. Bullshit..

[gab13by13]

5. Why do we have to shoot down right wing posts here?

Honest economists know very well that imposing tariffs is not going to lead to domestic manufacturing.

So the US was paying 3% tariffs on Chinese imports and now we are paying 30%. Sorry folks, but that's not a win to me.

[BootinUp]

6. Who do you believe, the companies who disagree or

A Trump Sycophant?

[Basso8vb]

7. Horseshit.

[Coolgoober]

8. Have They Ever Talked To Young People?

They're not going to work in manufacturing.