Reported 16 days ago
White House Council of Economic Advisers chairman Stephen Miran anticipates that while negotiations may lead to some trade deals before the July 9 tariff deadline, most countries will continue to face a standard tariff rate of 10%, with no significant reductions expected overall. He emphasizes that tariff revenues are crucial for the U.S. economy and suggests that countries making concessions could lower tariffs slightly, but such instances will not affect the aggregate level considerably.
Source: YAHOO