More Trump Tariffs Are Coming

**SPEAKER_1** (0:00)
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**Natalie Kitroeff** (0:34)
From The New York Times, I'm Natalie Kitroeff. This is The Daily.

**SPEAKER_3** (0:39)
For people right across America, everything has been getting more expensive. From food to fuel, healthcare to heating, everyone's feeling the pain.

**SPEAKER_4** (0:48)
Our CBS News poll says that seven in 10 Americans say they are frustrated or even angry with the administration's approach to the economy.

**Natalie Kitroeff** (0:57)
At a moment when inflation and affordability are on everyone's mind.

**SPEAKER_5** (1:01)
The new analysis from the Federal Reserve Bank reveals nearly 90 percent of President Trump's tariffs in 2025 were paid by consumers and businesses.

**Natalie Kitroeff** (1:09)
And when economists are saying that tariffs are partially to blame for the relentless rise in prices, my colleague Ana Swanson talked to the most influential driver of President Trump's tariff policy, Jamieson Greer. Greer told her that despite tanking public opinion, the Trump administration is now planning a new slate of tariffs that it believes will survive any legal challenge.

**Ana Swanson** (1:36)
So according to your own metrics, are tariffs working?

**Jamieson Greer** (1:39)
They are, yeah. I think we've been wildly successful.

**Natalie Kitroeff** (1:43)
Today, why Greer thinks that Trump's tariff policy has been a success and why the administration is doubling down.

**Jamieson Greer** (1:52)
Whenever you're trying to change policy in a big way and you're upending special interests or corporate interests, people are going to come back and try to fight that. They want the status quo. We don't want the status quo.

**Natalie Kitroeff** (2:03)
It's Monday, July 20th.
Ana, you spent hours with Jamieson Greer, not a household name, but someone who is very important in crafting US trade policy as the US Trade Representative. So just say why this guy matters and how much.

**Ana Swanson** (2:25)
Yeah, so he has become very influential. So the fascinating thing about Jamieson Greer is he's not your typical Trump appointee, he's not a billionaire, he's not brash. You might remember we had Peter Navarro on this show before as well, Navarro is kind of more of a loose cannon, but Greer on the other hand is quite considered. He's more of a quiet, low key type of guy.
But he has a lot of knowledge in the trade law, he has a lot of experience in trade, and he really is the brains behind a lot of the trade agenda at this point.

**Natalie Kitroeff** (3:00)
Okay, so after you sat down with him a couple of times, I understand, what was your main takeaway?

**Ana Swanson** (3:09)
So, even though he's facing a lot of headwinds, including the fact that public sentiment for Trump is low, you've got these legal challenges against the administration's tariffs, the Supreme Court overturned a big swath of the trade agenda. Greer has not been dissuaded by any of this. In fact, he's proposed a lot of new tariffs to essentially recreate the tariffs that were overturned by the Supreme Court.
And he remains very intent on this policy and the benefit he thinks it will bring to the country.

**Natalie Kitroeff** (3:39)
And why? Why are none of those obstacles that I think would normally be considered pretty big dissuading this guy?

**Ana Swanson** (3:49)
Because according to him, the tariffs are working.

**Natalie Kitroeff** (3:53)
They're working?

**SPEAKER_3** (3:55)
How?

**Natalie Kitroeff** (3:55)
Like, help me understand that.

**Ana Swanson** (3:57)
So there are a lot of reasons that he gives, disputing all the arguments that people make about tariffs, all the complaints that people have. But I think to really understand why he thinks tariffs are working, you have to understand how he became such a diehard believer in tariffs in the first place.

**SPEAKER_3** (4:14)
Hey, how are you?

**Jamieson Greer** (4:15)
Good to see you. Want to sit there? Is this a good set up?

**Ana Swanson** (4:18)
So I went to his office with colleagues from The Daily.

**Jamieson Greer** (4:21)
Welcome to this building, which used to be part of the War Department.

**SPEAKER_1** (4:25)
Right.

**Ana Swanson** (4:25)
This is a very historic building, right?

**Jamieson Greer** (4:27)
It's the second oldest federal building in Washington after the White House. But there's less gold in here than there is in the White House.