Hassett confirmed to host Kristen Welker on Sunday that tariffs on America's largest trading partners—including the European Union , Japan, and South Korea—were

Trump's executive order late Thursday laid out rates to be applied against nearly 70 countries, ranging from 10% to 41% in what a Trump administration official hailed as the beginning of a "new system of trade." The new duties are now set to go into effect on Aug. 7.

New US tariff rates are “pretty much set” with little immediate room for negotiation, Donald Trump’s trade advisor said in remarks aired Sunday, also defending the president’s politically driven levies against Brazil.