Trade negotiations with China set to resume this morning. Joining us now uh from Stockholm, US trade rep Jameson Greer. Um Mr.. Ambassador, thank you uh for joining us this morning. Of course. Great to be here again.How are you. Great. Do you want to look backwards or forward before we I mean we definitely want to talk about China, but uh we just had our own uh discussion about whether the the Japan deal, the EU deal, uh whether they were net positives for both countries, net negatives, whether someone wins ...

So, it's letters, letters, letters day. So, we have seven new letters today from President Trump to a variety of trading partners. He's promising more either later this afternoon or coming tomorrow morning.A big one that he said this afternoon was going to drop soon as Brazil. So, that that's a major trading partner. But what we have so far are threats of 20 to 30% tariffs on a range of countries from Algeria to Muldova that would take effect on August 1st.Um, and and this goes this is on top of 14 letters ...

Trade Negotiations & Tariff Landscape - The US administration initially promised numerous trade deals within a short timeframe, but has achieved limited results, indicating challenges in finalizing agreements [3] - The US is pursuing reciprocal tariffs, aiming to lower them upon reaching deals, but this approach doesn't cover potential sectoral tariffs on critical minerals, aerospace, semiconductors, or pharmaceuticals, complicating negotiations [6][7] - Many US trading partners express confusion regarding US demands, perceiving a lack of clear objectives and prioritization in negotiations [8][10][11] - Countries are diversifying trade relationships to reduce dependence on the US market, leading to increased free trade agreement activity among other nations [13][14] - The administration may become more flexible in trade negotiations if the US experiences economic fallout from tariff hikes [15] Potential Outcomes & Risks - If trade deals are not finalized by August 1st, tariff levels may increase, potentially forcing compliance or leading countries to seek alternative trading partners [4][12] - Sectoral tariffs, such as those on autos, copper, and potentially semiconductors and pharmaceuticals, are proving difficult to resolve and may hinder broader trade negotiations [5][7] - The US risks being excluded from the benefits of increased trade and economic integration among its partners as they pursue alternative arrangements [14]

Sure. So, every tariff program that we have in place, and to be clear, we have like a variety of tariff of tariff programs in place, they each have their own different justification for why they're being done. Some are for national security, some are for dumping, some are for the emer the the national emergency of trade deficits.They all have a different justification, a different reason for for their existence, but they all have this side effect of bringing in revenue. And so, when we're thinking about rev ...