Tariff rates are "pretty much set," Greer says

Hours ahead of the Trump administration's self-imposed deadline for baseline tariffs on Friday, the White House announced tariff rates for imports from dozens of countries, including a handful that have cut trade deals with the administration and dozens that haven't reached a deal yet. "The President's view with with every country, whether it's Canada or Mexico, and regardless of the kind of trade agreement we have in place, is that the net result of the trading system, whether it's our WTO agreements or our existing trade agreements, the net result has been that a lot of the manufacturing has gone overseas, and when that's the net result, you can't continue with that system," Greer said. Bank of America CEO Brian Moynihan, who Brennan interviewed separately on "Face the Nation," said that Bank of America economists have predicted that while the economy will still continue to grow, they are predicting "less growth than they would have had six, nine months ago, and reflects the impact of the tariff war and the trade and all that."

Author: Caroline Linton

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