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Live Updates  >  Live Update Details

2025-08-01 10:02:20

[U.S. Trade Representative issues statement on Trump's vision for a new international trade system] U.S. Trade Representative Jamison Greer issued a statement saying that President Trump had previously issued an executive order to modify the reciprocal tariff rates of certain trading partners to further address the national emergency caused by the United States' huge and persistent annual merchandise trade deficit. This new trading system will reduce the U.S. trade deficit and bring better results for American workers, their families and communities. In the coming weeks, this new system will begin to take shape as the Trump administration works with trading partners on the path of shared prosperity.

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