Trump’s Latest Tariffs Won’t Have an Economic Impact, U.S. Trade Official Says
Greer said the 10% and 12.5% duties cover a smaller group than a temporary universal tariff and should not change economic conditions.
8 Articles
8 Articles
USTR's Greer says Trump's latest tariffs won't have economic impact
U.S. Trade Representative Jamieson Greer said on Monday President Donald Trump's new tariffs on 60 trading partners over their alleged lax enforcement of forced labor bans will likely not have an economic impact in part because the rates of 10 percent or 12.5 percent are similar to recent global tariff actions. Greer told Fox News Channel's "Special Report with Brett Baier" that the new Section 301 duties are imposed on a smaller group of countr…
USTR's Greer says Trump's latest tariffs won't have an economic impact
New US tariffs on forced labor bans will likely have minimal economic impact. These duties cover nearly all American imports from targeted nations. The US is also investigating excess industrial capacity in key countries. This probe could potentially lead to further additional tariffs being imposed. The trade representative defended the use of Section 301 for broad tariffs.
Jamison Greer, the U.S. Trade Representative (USTR), argued that the Section 301 tariffs being pursued to replace the "10% global tariff" would not affect the U.S. Federal Reserve's (Fed) decision on the benchmark interest rate. Appearing on Fox News on the 27th (local time), Greer responded to the host's question about whether the Section 301 tariffs could make it difficult for the Fed to decide to keep interest rates unchanged by stating, "Abs…
Trump’s latest tariffs won’t have an economic impact, U.S. trade official says
U.S. Trade Representative Jamieson Greer said that the new tariffs on 60 trading partners will likely not have an economic impact in part because the rates of 10 per cent or 12.5 per cent are similar to global tariff actions.
US universal tariffs challenge global trade stability and economic cooperation
The latest expansion of US Section 301 tariffs marks another turning point in the evolution of global trade policy. By extending broad-based tariffs to dozens of trading partners and covering nearly all imports entering the United States, Washington has signaled that trade protection has become a more enduring feature of its economic strategy rather than a temporary negotiating tool. Whether viewed as an effort to protect domestic industries, re…
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