TechFlow news, on August 3, according to Jinshi News, U.S. Trade Representative Grillo stated on August 3 local time that U.S. President Trump's new round of tariffs imposed last week on multiple countries is "largely set" and will not be adjusted in current negotiations, including a 35% tariff on goods imported from Canada, a 50% tariff on Brazil, a 25% tariff on India, and a 39% tariff on Switzerland. Grillo said some tariffs are based on bilateral trade surpluses and deficits, adding, "These rates are largely fixed."
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