US Trade Representative Jamieson Greer issued a statement on July 31, 2025, announcing President Trump's executive order modifying reciprocal tariff rates for certain countries. This policy shift addresses America's persistent trade deficits through a new system emphasizing fair & balanced trade relationships. Greer stated that decades of policies sacrificing American industrial capacity are being reversed through strategic tariff programs & targeted negotiations that create market access for US exporters while defending critical domestic industries & attracting manufacturing investment.