Jameson Greer
๐ค SpeakerAppearances Over Time
Podcast Appearances
That stays the same.
With the UK, we gave them a quota on cars.
We gave them a quota of beef to import duty-free.
That stays the same.
So a lot of these parts stay the same.
But just like Brussels hasn't fully implemented its deal or the UK hasn't fully implemented its deal, we also need a couple months now to have some domestic procedures because the Supreme Court struck down all of this.
It's pretty normal when you have a trade deal to implement over time.
Most trade deals take years to implement.
We're on the fast track, and so we're just going to have to have a couple, three months to make sure that we rejigger the tariffs in a way that comply with our end of the deal, and we expect the EU and the UK to hold up their end of the bargain, too.
So right now, as we talked about, 10% is in place.
There will be a proclamation raising it to 15% where appropriate.
And so once that comes out, I'm happy to come back on and explain how that might accommodate other countries where there's a deal.
Well, we want to make through that we go through the legal process and we get out a proclamation.
Again, this is anytime we put on a tariff, we're going to have foreign interests who want to bring it down.
So people are going to sue us.
So I'm not going to get ahead of the president.
I'm not going to get ahead of the White House counsel and all these folks who are implementing this.
So when that comes out, they'll be very clear what and how and why.
Yes.
So Section 301 is a country-specific tool, and it allows the president to investigate unfair trading practices by countries.