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USTR: Trump's 60-Partner Tariffs Likely Harmless, Fed Unaffected

7/28/2026

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Summary

Story summary

U.S. Trade Representative Jamieson Greer said President Donald Trump's tariffs on 60 partners at 10% or 12.5% are likely to have no economic impact and will not affect the Federal Reserve (Fed).
Greer said labour duties will cover 99.4% of imports and Section 301 duties target a smaller group than 10% tariff.
Greer said Section 301 probe of 16 partners—China, Vietnam, Mexico and the EU—is being finished and may lead to tariffs.

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Story summary

U.S. Trade Representative Jamieson Greer said President Donald Trump's tariffs on 60 partners at 10% or 12.5% are likely to have no economic impact and will not affect the Federal Reserve (Fed).
Greer said labour duties will cover 99.4% of imports and Section 301 duties target a smaller group than 10% tariff.
Greer said Section 301 probe of 16 partners—China, Vietnam, Mexico and the EU—is being finished and may lead to tariffs.