US trade negotiator says 10% universal tariff will rebuild domestic manufacturing [View all]
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.
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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.
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Read more: https://finance.yahoo.com/news/us-trade-negotiator-says-10-135340855.html
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