My guess is Pres. Trump will cut tariff rates with a few other countries: Lutnick

Trade Negotiations & Tariff Policies - The US government is setting tariff lines for key countries, with rates going into effect on August 1st [1] - The President is balancing trade deficits with countries opening their markets, potentially cutting rates for those who offer greater access [1] - The US government may impose tariffs on countries that don't significantly open their markets [2] Specific Sectors & Commodities - A 50% tariff on copper is planned to bring copper production back to America, similar to steel and aluminum [4] - Studies on pharmaceuticals and semiconductors are being completed, with potential high tariffs for those not building in America [5][6] - China has agreed to approve licenses on rare earth magnets, leading to the removal of US countermeasures [10] US-China Trade Relations - The US has settled with a 30% or 55% increased tariff on much of China [9] - The US and China are planning to start a bigger trade conversation in early August [11][12]