SCOTUS ruling on Trump tariffs won't impact individual trade agreements, claims US Trade Rep Jamieson Greer
Despite the Supreme Court ruling against Trump's tariff policy, US Trade Representative Jamieson Greer assured that trade agreements with China and the EU remain intact. He reaffirmed the administration’s commitment to these deals.
President Donald Trump’s tariff policy defeat in the US Supreme Court will not impact the individual trade agreements the administration has negotiated with its trading partners, Bloomberg reported, citing US Trade Representative Jamieson Greer.
On Sunday, 22 February, Greer on CBS’s Face the Nation said that the deals the administration made with China, the European Union, South Korea, and others remain in place. He tried to distinguish those agreements from the planned 15% global tariff announced by Trump on Saturday.
“We want them to understand these deals are going to be good deals,” Greer said. “We’re going to stand by them. We expect our partners to stand by them.”
The high court ruling that struck down Trump’s use of emergency powers to impose tariffs came before the president’s scheduled trip to China next month. Greer suggested that other US trade tools, including investigations linked to trade practices of other countries, could provide leverage for the US.
“We have tariffs like this already in place on China, we have open investigations already,” he said.
Focus on Trump's visit to China
Trump is expected to meet Chinese President Xi Jinping during his visit beginning on 31 March.
“The president and Xi have a strong relationship,” Greer told Fox News Sunday that the US maintains an average tariff of 40% on China without relying on the emergency law that the court struck down.
Uncertainty among trading partners
Trump’s approach to trade, largely questioned by the Supreme Court, has raised uncertainty among US trading partners across the globe, including the European Union.
The European Parliament’s trade chief on Sunday said that he will suggest suspending the EU’s ratification of the trade agreement with the US until the Trump administration provides detailed information on its trade policies.
Greer said he “spoke with my counterpart from the EU this weekend”and would be engaging with officials of other key US trading partners to reassure them.
“Rest assured, I’ve been speaking to these folks as well,” Greer told CBS. “I’ve been telling them for a year — whether we won or lost we were going to have tariffs, the president’s policy was going to continue.
“That’s why they signed these deals even while the litigation was pending,” he said.
About the Author
For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories from around the world, helping our readers to stay informed on the latest developments around the globe. Our Coverage Areas 1. Companies: Comprehensive news and analysis on listed and unlisted companies, corporate announcements, corporate chatter, C-suite, business trends, hiring alerts, layoffs, work-life balance, world's top billionaires and richest and more. 2. Personal finance: Insights into mutual funds, small savings schemes like - PPF, SSY, post office savings scheme, stock to watch, personal loans, credit cards, top bank FDs, real estate, income tax and more. 3. Politics: Comprehensive coverage of general elections, state elections and bypolls, Lok Sabha, Vidhan Sabha, Parliament, PMO, PIB, finance ministry, home ministry, among other union ministries and government departments. 4. National News: From metro cities like Delhi, Mumbai, and e to untapped stories from rural India, we cover human interest, health, education, crime and courts, and law and order, among other areas of public interest. 5. Economy: In-depth analysis of India's macro and micro-economic indicators like- GDP, inflation, forex, fiscal deficit, current account deficit, interest rate cycle, economic recovery, RBI circulars, indirect taxes, GST, Insolvency and Bankruptcy imports, exports and everything that impacts Indian economy. 6. Geopolitics: Well-rounded and deeply researched coverage on US News, Oval Office European Union, Ukraine Russia War, middle-east crisis, royal families and global leaders like - Donald Trump, Vladimir Putin, Kim Jong Un, Xi Jinping and premiers of other leading economies in the world. Meet the Team 1. Gulam Jeelani, Political Affairs Editor 2. Sugam Singhal, Senior Assistant Editor 3. Chanchal, Assistant Editor 4. Sanchari Ghosh, Chief Content Producer 5. Pratik Prashant Mukane, Chief Content Producer 6. Sayantani Biswas, Chief Content Producer 7. Ravi Hari, Deputy Chief Content Producer 8. Garvit Bhirani, Deputy Chief Content Producer 9. Akriti Anand, Senior Content Producer 10. Jocelyn Felix Fernandes, Senior Content Producer 11. Swastika Das Sharma, Content Producer 12. Mausam Jha, Content Producer 13. Riya R Alex, Trainee Content Producer
Catch all the Business News , Economy news , Breaking News Events andLatest News Updates on Live Mint. Download TheMint News App to get Daily Market Updates.
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.