Jameson Greer

We also have concerns about trans-shipment through Canada and Mexico of goods from third countries coming through and benefiting from duty-free treatment from USMCA.

And so we want to make sure that if there's an agreement with either of these countries that it really benefits these countries and not third countries that might use Canada or Mexico as an export hub into the United States.

We'll put out a supplemental proclamation that the president will sign going to 15% where appropriate.

Remember, before the Supreme Court struck down the tariffs, a lot of these countries had agreed to have tariffs, U.S.

tariffs on them of 18%, 19%, 20%.

So going up to 15%, for them, at least temporarily, it's better than the deal that they had.

We have many others that we are preparing right now and we expect to launch in the coming days and weeks, such as related to forced labor in supply chains, industrial excess capacity, or unfair trading practices with respect to fishing or seafood or rice or subsidies for certain products and that kind of thing.

We have a lot of countries out there that for a long time have had 10%.

We have some that have higher at 15%.

And so our goal with all of this is to have continuity.

So we want to have the 10% and we're looking about how to implement the 15% that the president indicated because we want to have continuity.

We want the countries, we want the companies, we want people to understand that what we were doing before, we're going to reconstruct with alternative tools because we want to keep going, maintain the policy, we'll just have a change in the legal implementing authorities.

We have a lot of countries out there that for a long time have had 10%.

We have some that have higher at 15%.

And so our goal with all of this is to have continuity.

So we want to have the 10% and we're looking about how to implement the 15% that the president indicated because we want to have continuity.

We want the countries, we want the companies, we want people to understand that what we were doing before, we're going to reconstruct with alternative tools because we want to keep going, maintain the policy.

We'll just have a change in the legal implementing authorities.

So the authority that we're using right now, which is a temporary 150-day authority, that's five months, 150 days.

And we have a lot of countries out there that for a long time have had 10%.