Hi, this is Margaret Brennan, moderator of Face the Nation and Chief Foreign Affairs correspondent at CBS News.

Last week, I spoke with U.S. Trade Representative Jameson Greer. Here's our conversation.

And we're joined now by United States Trade Representative Jameson Greer. Ambassador, good to have you here.

Great to be here. Thank you. So the president signed this executive order on Thursday,

raises tariff rates on about 70 countries. Should we expect those to be negotiated down in the coming

days? I don't think they will be in the coming days. I think a lot of these, well, I know a lot of

these are set rates pursuant to deals. Some of these deals are announced. Some are not.

Others depend on the level of the trade deficit or surplus we may have with the country. So these tariff rates are pretty much set. I expect I do have my phone blowing up. There are trade ministers who want to talk more and see how they can work in a different way with the United States. But I think that we're seeing truly the contours of the President's tariff plan right now with these rates.

I was reading some interviews you had given, and you said at some point the President's view is maybe a tariff is better than a deal.

Are you saying there are countries that just, they have no

shot of avoiding a tariff? Well, I would say that, in fact, most countries in the world,

they just have a tariff assigned to them, right? Whether it's... It'll be the 10% or 15% or 15 or

or the higher level tariff. Because, again, when the president is looking at this, he looks at potential deals and we

bring him potential concessions from countries and the things they might want to do.

And he compares that to the potential tariff that might be applied to try to get that deficit

down.

And then talking to his advisors, he makes a call on this.

And sometimes a country will come back and make additional concessions

that make it more appropriate. He's trying to get at the deficit. He's trying to reshore

manufacturing. And so those are the factors he's looking at when he's determining whether he's

just going to have a tariff or he'll take a deal. Trying to reshore manufacturing, bring

manufacturing jobs back to America. But we just saw in this

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